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Odisha CM Naveen Patnaik has assets over ₹63 crore, but only ₹25,000 cash in hand
Odisha chief minister Naveen Patnaik is constesting assembly elections from Hinjili seta. According to an affidavit submitted by him, he has an Ambassador of 1980 model which is valued at around ₹8,905.
Odisha Chief Minister Naveen Patnaik, who is seeking to return to power for the fifth consecutive time, owns assets worth over ₹63.87 crore but has only ₹25,000 cash in hand.
His car - an Ambassador of 1980 model is valued at around ₹8,905, as per an affidavit submitted by Patnaik along with his nomination for the coming assembly election from Hinjili seat.
The chief minister filed his papers at Chhatrapur earlier in the day.
The assets worth over ₹63.87 crore owned by Patnaik include movable properties of ₹2326554.52 and immovable inherited properties valued at over ₹636415261, according to the affidavit.
The immovable properties include those owned by Patnaik jointly with his brother and sister.
Patnaik has shown his total annual income as ₹21,17,223 in his Income Tax return for 2017-18. In 2016-17 and 2015-16, his annual income stood at ₹14,84,617 and ₹12,96,944 respectively.
The sources of his income are bank interest and salary, the affidavit said.
The BJD supremo has two bank accounts with the Bank of India branch here and at the SBI, Parlaiment branch in New Delhi which have ₹6,52,378. He has ₹6,50,648 in his bank account here and only ₹1730 in his account in the Delhi bank.
Patnaik possesses jwellery weighing 45.770 gram worth about ₹2,12,252.
The BJD president has shown a farm land and building at Tikri Khera in Faridabad. The total area of the land is 22.7 acres which has a current market value of ₹10,75,51,071.
In addition, Patnaik owns two-third share of Naveen Niwas, his house here and 50 per cent share of a property situated at APJ Abdul Kalam Road, New Delhi.
While the market value of Naveen Niwas, which is spread over 2.133 acres, was around ₹9.52 crore on August 18, 2017, the approximate value of the property on 1111.19 sq meter land at APJ Abdul Kalam Road, New Delhi is ₹43,36,18,000, the affidavit said.
Patnaik has no pending criminal case in his name in any court, it added.
He is also contesting from Bijepur seat in Bargarh district.