Press Release: 27 Re-contesting MLAs in Puducherry declare a 144% Increase in Assets

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ADR India

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May 12, 2016, 6:04:46 AM5/12/16

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Dear Friends,

Puducherry Election Watch and Association for Democratic Reforms (ADR) have analyzed the affidavits of 27 outgoing MLAs who are contesting again in the 2016 Puducherry Assembly Elections.Please find a summary of the analysis below:

Average Assets in 2011 Elections: The average assets of these 27 re-contesting MLAs fielded by various parties including independents in 2011 were Rs 4.87 crores (Rs. 4, 87, 76, 060).
Average Assets in 2016 Elections: The average assets of these 27 re-contesting MLAs in 2016 is Rs 11.92 crores (Rs. 11, 92, 31,184).
Average Asset change from 2011 to 2016: The average assets of these 27 re- contesting MLAs, between the Puducherry Elections of 2011 and 2016 increased by Rs. 7.04 crores (Rs. 7, 04,55,123).
Percentage change in assets from 2011 to 2016
:
Average percentage increase in assets for these 27 re-contesting MLAs is 144%.
Highest growth in Assets from 2011 to 2016:

S.No.	Name	Party in Puducherry 2016	Party in Puducherry 2011	Constituency in Puducherry 2016	Constituency in Puducherry 2011	Assets in Puducherry 2016 (Rs.)	Assets in Puducherry 2011 (Rs.)	Asset Increase(Rs.)	% Increase in Asset
1.	Ashok Anand	All India N.R. Congress	All India N.R. Congress	THATTANCHAVADY	THATTANCHAVADY	1,24,83,61,601 124 Crore+	42,31,88,241 42 Crore+	82,51,73,360 82 Crore+	195%
2.	N.Rangasamy	All India N.R. Congress	All India N.R. Congress	INDIRA NAGAR	KADIRGAMAM	29,53,04,640 29 Crore+	5,16,36,000 5 Crore+	24,36,68,640 24 Crore+	472%
3.	G. Nehru Alias Kuppusamy	All India N.R. Congress	All India N.R. Congress	ORLEAMPETH	ORLEAMPETH	35,68,20,966 35 Crore+	14,37,20,771 14 Crore+	21,31,00,195 21 Crore+	148%
4.	A. Namassivayam	INC	INC	VILLIANUR	VILLIANUR	26,61,26,713 26 Crore+	7,39,82,875 7 Crore+	19,21,43,838 19 Crore+	260%
5.	A. Baskar	AIADMK	AIADMK	MUDALIARPET	MUDALIARPET	10,67,52,351 10 Crore+	4,22,53,243 4 Crore+	6,44,99,108 6 Crore+	153%

Table 1: Highest growth in Assets (Top 5)

· Average asset change of re-contesting MLAs: Party-Wise: The table below provides the party-wise categorization of increase in average assets of re-contesting MLAs. Financial details of 27 re-contesting MLAs fielded by various political parties have been taken from the recently filed affidavits by these MLAs and the values of these financial assets have been compared to the corresponding values of the assets that the MLAs showed in their affidavits in 2011. Following table showcases the party wise assortment of the average increase in assets of the re-contesting MLAs:

S.No.	Party in Puducherry 2016	Total Number of MLAs	Average Assets in Puducherry 2016 (Rs.)	Average Assets in Puducherry 2011 (Rs.)	Average Asset Increase (Rs.)	Average % Increase in Asset
1.	All India N.R. Congress	12	19,38,04,961 19 Crore+	7,38,44,018 7 Crore+	11,99,60,943 11 Crore+	162.45%
2.	INC	6	7,73,83,000 7 Crore+	3,55,55,995 3 Crore+	4,18,27,005 4 Crore+	117.64%
3.	AIADMK	5	5,52,52,537 5 Crore+	3,29,52,251 3 Crore+	2,23,00,286 2 Crore+	67.67%
4.	IND	3	4,86,29,185 4 Crore+	1,67,04,498 1 Crore+	3,19,24,687 3 Crore+	191.11%
5.	DMK	1	71,34,205 71 Lacs+	26,14,709 26 Lacs+	45,19,496 45 Lacs+	172.85%
GRAND TOTAL		27	11,92,31,184.14 11 Crore+	4,87,76,060.77 4 Crore+	7,04,55,123.37 7 Crore+	144%