BJP's CM candidate richer by 5 times in 4 yrs

The value of assets of BJP's Delhi chief ministerial candidate V K Malhotra and his wife have witnessed a five-time jump from 2004.

The value of assets of BJP's Delhi chief ministerial candidate V K Malhotra and his wife have witnessed a five-time jump from 2004 when the family owned property worth Rs 1.01 crore.

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However, Malhotra owns only one old car valued at Rs 2.75 lakh, according to the declaration of assets made by him while filing the nomination papers from Greater Kailash assembly seat in New Delhi on Saturday.

The affidavit says they have assets worth Rs 5,003,4350, including two houses in the city valued at Rs 2.5 crore. In 2004, when Malhotra contested from South Delhi Lok Sabha seat, he had declared that they had assets worth Rs 1.01 crore.

Malhotra owns a house worth Rs one crore in Nizamuddin area in south Delhi, while his wife has a house in Defence Colony worth Rs 1.5 crore, the BJP leader declared in the affidavit before the Additional District Magistrate Bansh Raj.

Malhotra revealed that he and his wife have invested about Rs 1.62 crore in various financial instruments like NSS, LIC, postal savings and policies. His wife's assets are valued at over Rs 2.2 crore.

He also declared that he has Rs 1,75,000 in cash and Rs 19,38,850 as deposits in banks. His wife has Rs 1,15,000 in cash and Rs 8,05,757 as deposits in banks and shares.
In 2004, he had declared that he was co-owner with his wife in one property in K G Marg worth Rs 6.25 lakh.