Press Release: Assam Assembly Elections Phase 2 (Analysis of Financial Background of Candidates)

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Apr 6, 2016, 6:39:04 AM4/6/16

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Press Release

Dear Friends,

Assam Election Watch and Association for Democratic Reforms (ADR) have analysed the self-sworn affidavits of 523 candidates out of 525 candidates who are contesting in the Second phase of Assam Assembly Elections to be held on 11 April 2016. Please find below an analysis of the financial background of these candidates.

Financial Background

· Share of wealth among candidates : The share of wealth among the candidates contesting in the Second phase of assembly elections Assam is as follows:

Value of assets (Rs.)	No of candidates	Percentage of Candidates
5 cr and above	29	6%
2 crores to 5 crores	49	9%
50 lakhs to 2 crores	104	20%
10 lakhs to 50 lakhs	167	32%
less than 10 lakhs	174	33%

Table: Share of wealth among contesting candidates

· High asset candidates*: The 3 richest candidates contesting in the Second Phase of the Assam Assembly Elections are given below:

S.No.	Name	District	Constituency	Party Name	Movable Assets (Rs)	Immovable Assets (Rs)	Total Assets (Rs)	PAN Given
1	Badruddin Ajmal	SOUTH SALMARA	SALMARA SOUTH	AIUDF	10,81,45,406	44,00,66,929	54,82,12,335 54 Crore+	Y
2	Itesh Bordoloi	BONGAIGAON	BONGAIGAON	IND	25,34,93,031	25,08,64,000	50,43,57,031 50 Crore+	Y
3	Narayan Deka	NALBARI	BARKHETRY	BJP	3,43,52,302	13,79,65,000^*	17,23,17,302 17 Crore+	Y

Table: Top three candidates with highest declared assets

^* on assets value indicates that the candidate has not provided the total in their affidavits, it has been calculated on the basis of details provided by them in the same

· Crorepati Candidates: Out of the 523 candidates analysed, 125 (24%) are crorepatis.

· Party wise Crorepati Candidates: 30 (53%) out of 57 fielded by INC, 19 (54%) out of 35 candidates from BJP, 9 (47%) out of 19 candidates from Asom Gana Parishad, 12 (26%) out of 47 candidates fielded by AIUDF, 6 (60%) out of 10 candidates of Bodoland Peoples Front and 39 (18%) out of 216 Independent candidates have declared assets worth more than Rs. 1 crore.

· Average assets: The average of assets per candidate contesting in Second Phase of the Assam Assembly Elections is Rs 1.26 Crores.

· Party wise average assets: Among major parties, the average assets per candidate for 57 INC candidates is Rs 2.64 Crores, 35 BJP candidates have average assets of Rs 2.46 Crores, 47 AIUDF candidates have average assets worth Rs 2.44 Crores, 11 SUCI(C) candidates hae average assets worth Rs 26.43 Lakhs, 19 Asom Gana Parishad candidates have average assets worth Rs 1.37 Crores, average assets of 9 CPI(M) candidates are Rs 82.64 Lakhs, 5 CPI candidates have average assets of Rs 10.88 Lakhs and 216 Independent candidates have average assets of Rs. 96.94 Lakhs.

· Low asset candidates: The three candidates with lowest assets are as follows:

S.No.	Name	District	Constituency	Party Name	Movable Assets (Rs)	Immovable Assets (Rs)	Total Assets (Rs)	PAN Given
1	Naba Kumar Nath	KAMRUP METRO	JALUKBARI	IND	282	0	282 2 Hund+	Y
2	Munindra Doley	NALBARI	NALBARI	SUCI(C)	2,000	0	2,000 2 Thou+	N
3	Abdul Wahab Sheikh	GOALPARA	JALESWAR	Bhartiya Rashtrawadi Party	2,500	0	2,500 2 Thou+	Y

Table: Candidates with declared lowest assets

· Candidates with high liabilities: The top three candidates with highest liabilities are as given below;

S.No.	Name	District	Constituency	Party Name	Total Assets(Rs)	Liabilities (Rs)	PAN Given
1	Itesh Bordoloi	BONGAIGAON	BONGAIGAON	IND	50,43,57,031 50 Crore+	18,51,36,234 18 Crore+	Y
2	Suresh Bora	NAGAON	BARHAMPUR	INC	13,56,69,384 13 Crore+	8,61,21,363 8 Crore+	Y
3	Anwar Hussain	NAGAON	DHING	INC	7,83,09,413 7 Crore+	6,63,69,183 6 Crore+	Y

Table: Top three candidates with high liabilities

· Undeclared PAN: A total of 27 (5%) candidates have not declared their PAN details.

· Candidates with high income as declared in the ITR*: 10 candidates have declared total annual income of more than Rs 50 Lakhs. Top three candidates are as given below:

S.No.	Name	Party Name	Constituency	District Name	Total Asset (Rs)	The financial year for which the last income tax return has been filed by candidate	Total income shown by candidate in ITR (Self+Spouse+Dependent) (Rs)	Self income shown by candidate in ITR (Rs)
1	Rajib Ahmed	IND	BAGHBAR	BARPETA	3,33,65,552 3 Crore+	2015-2016	2,95,20,075 2 Crore+	2,09,86,348 2 Crore+
2	Sri Basanta Das	INC	MANGALDOI (SC)	MANGALDOI (DARRANG)	2,10,61,904 2 Crore+	2015-2016	2,40,94,795 2 Crore+	1,05,17,904 1 Crore+
3	Badruddin Ajmal	AIUDF	SALMARA SOUTH	SOUTH SALMARA	54,82,12,335 54 Crore+	2014-2015	1,97,31,040 1 Crore+	1,95,92,840 1 Crore+

Table: Candidates with high income as declared in ITR

*Total income includes income of self, spouse and dependents

· Candidates who have not declared Income Tax Details*: 192 (37%) out of 523 candidates have not declared income tax details.

* Some candidates may be exempted from filing Income Tax Returns

· Candidates with high Assets who have not declared Income Tax Details*: 12 candidates with assets worth more than Rs. 50 Lakhs have not declared Income Tax details. The top three candidates with highest assets who have not declared their IT returns are as given below;

S.No.	Name	District	Constituency	Party Name	Total Income (Rs)	Movable Assets (Rs)	Immovable Assets (Rs)	Total Assets (Rs)	PAN Given	Self Income
1	Maheswar Dutta	NALBARI	NALBARI	CPI(M)	0	1,42,814^*	5,14,00,000	5,15,42,814 5 Crore+	N	ITR not filed
2	Anwar Hussain	BILASIPARA	BILASIPARA EAST	IND	0	25,15,293	1,85,00,000	2,10,15,293 2 Crore+	Y	ITR not filed
3	Rijumoni Gogoi	KAMRUP METRO	DISPUR	Bhartiya Rashtrawadi Party	277830	33,64,000	50,00,000	83,64,000 83 Lacs+	Y	ITR not filed