Saturday, April 11, 2009

billionaire's Politics

This is a snap from the article published in "The Times of India-Ahmedabad" on April 10,2009 which is about a business man from Surendranagar who show his wealth as Rs. 514 Cr and became the politician with highest wealth in the history of Indian Politics. Details of that article is as follows:

He (Mr. Khimji Patadia) is perhaps the wealthiest candidate in the fray for the Lok Sabha polls. Khimji Patadia, a mumbai-based businessman, took every one by surprise when he filled his nomination from Surendranagar. Patadia, 53, has declared assets worth Rs. 514 crore, mainly in jewellery and real estate.
He surpasses the riches of candidates like Congress's L Rajgopal from Vijayawada(Rs. 299 crore), BSP's Karan Singh Tanwar from South Delhi(Rs. 150 crore) and SP's Abu Azmi from Mumbai NW(Rs. 122 crore).
Founder of barely-known Krantikari Jaihind Sena, Patadia, a college drop-put who hails from sanosara village in Surendranagar. made his riches after moving to mumbai in late 70s.
A resident of Kandiwali, Patadia is a promoter in Swastik group of companies, which has interests in construction and jewellery business. As per the affidavit, he has declared movable property worth Rs. 255 crore and immovable property to the tune of 259 crore.
Apart from bank deposit, debentures and bonds, Patadia owns 1.5 kg gold and diamond jewellery worth Rs. 250 crore. Beside, he owns oil paintings worth Rs 3 crore.
Patadia's land holding is mainly in and around Mumbai and Thane, He also owns 40 acres of land in Gujarat, besides a flat in Kandiwali.
"Netaji Subhash Chandra Bose is my idol. My party is against politics of caste, religion, language because it is destroying our nation." says Patadia, whose party plans to field 30 candidates in Gujarat, Maharashtra, Andhra Pradesh, and Uttar Pradesh.
"Our agenda is education to all and free electricity to farmers, besides free housing to poor and food grains at Rs. 4 per kg." he said

Now there might be a competition between politicians for who break whose wealth record!!!!!

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