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87% of Rajya Sabha candidates are crorepatis: ADR study

The richest candidate is Mahendra Prasad of Janata Dal United with assets worth Rs 4,078 crore. Candidates will face off in the Rajya Sabha election on March 23.

india Updated: Mar 21, 2018 21:49 IST
Press Trust of India, New Delhi
Rajya Sabha elections,Rajya Sabha candidates,BJP
Members of the Rajya Sabha during a session at Parliament in New Delhi on Tuesday. (PTI)

An overwhelming majority of the 63 candidates (87 per cent) in the fray for the coming Rajya Sabha elections are crorepatis with an average worth of Rs 122 crore, an analysis of the candidates self-sworn affidavits has revealed.

Although 55 out of the 63 candidates are crorepatis (with assets over Rs 1 crore), the average worth has spiked thanks to a few very high worth candidates, according to the analysis by the Association for Democratic Reforms (ADR).

The richest candidate – and most likely to-be parliamentarian – is Mahendra Prasad of Janata Dal United (JD-U) with total assets worth Rs 4,078 crore. Prasad is distantly followed by actress Jaya Bachchan of Samajwadi Party who declared total assets worth Rs 1,001 crore.

BM Farooq of Janata Dal-Secular (worth Rs 766 crore), Abishek Manu Singhvi of the Congress (worth Rs 649 crore) and CM Ramesh of Telugu Desam Party (worth Rs 258 crore) are the other richest candidates in the fray, the analysis revealed.

In contrast, Achyutananda Samananta of Biju Janata Dal is the poorest candidate with total assets worth Rs 4 lakh only. The second lowest worth candidate is Samir Oraon of Bharatiya Janata Party with Rs 18 lakh worth of total assets.

Among the major parties, 26 out of 29 candidates from BJP, 10 of 11 candidates from Congress, three out of four candidates from Trinamool Congress, all three candidates from Telangana Rashtra Samiti, both candidates from JD-U and Samajwadi Party’s only candidate have declared assets worth more than Rs 1 crore.

Partywise, the average net worth of each candidate of the BJP is Rs 16 crore while that of the 11 candidates of the Congress is Rs 66 crore.

The four Trinamool candidates have the lowest average worth of Rs 1 crore, matched by the sole candidate of the Communist Party of India (Marxist).

Eight out of 63 candidates have serious criminal charges against them such as kidnapping, attempt to murder and robbery etc, the report also said.

First Published: Mar 21, 2018 21:49 IST