The Communist Party of India (Marxist) petitioned with Election Commission against Union Minister Rajeev Chandrashekar and alleged there were irregularities in the affidavit filed by him.
In the petition by Left Democratic Front’s Thiruvananthapuram Lok Sabha poll committee, they alleged the BJP candidate has not declared all his asset details. The party alleged Chandrashekar has not disclosed his major holding company – Jupiter Capital – and has disclosed only subsidiary firms. The party alleged all ‘facts’ stated in the affidavit were fake and false.
Rajeev Chandrashekar submitted his nomination papers on Thursday. As per the affidavit filed along with the nomination paper, the total value of his movable assets stands at Rs 13,69,18,637, while his spouse possesses assets valued at Rs 12,47,00,408.
These include cash in hand, details of deposits in banks, non-banking financial companies, and cooperative societies, as well as investments in bonds, debentures, shares, units in companies/mutual funds, and other financial instruments.
His movable assets also comprise a 1942 model Red Indian Scout, registered in Karnataka and purchased in 1994 for Rs 10,000, along with jewellery, bullion, and other valuable items valued at over Rs 3.25 crore. The BJP leader's immovable assets include self-acquired property purchased at a price of Rs 5,26,42,640, with an approximate current market value of Rs 14,40,00,000.
He has liabilities of Rs 19,41,92,894 that are under dispute, while his spouse's liabilities under the same category amount to Rs 1,63,43,972. These include loans from banks, financial institutions, and others.
-with PTI inputs.
