AIADMK assets increased by 155% in five years: ADR report

NEW DELHI: Samajwadi Party, AIADMK, All India Forward Bloc and the Shiv Sena are the only major regional parties that show a steady increase in their annual declared assets. The total assets of AIADMK between financial year (FY) 2011-12 and 2015-16 increased by 155 percent (Rs 88.21 cr to Rs 224.87 cr) while that of Shiv Sena increased from Rs 20.59 cr to Rs 39.568 cr (by 92 percent).
The figures were released by the transparency watchdog Association of Democratic Reforms (ADR) in its analysis of the report on assets and liabilities filed by the parties to the Election Commission of India.

The report by ADR was accompanied by another report on the trend of NOTA in the past five years, since it was introduced in 2013 by the Election Commission of India. It found that NOTA has secured the highest percentage of votes in red alert constituencies of Chhattisgarh. NOTA secured 2.68 percent votes (39,896) in 10 red alert constituencies of Chhattisgarh.

It also found that in the last five years, NOTA has secured 1,33,09,577 (1.33 crores) votes in state assemblies and Lok Sabha election combined. During this period, on an average NOTA secured 2,70,616 votes (2.7 lakh) in the state assembly elections.

ADR’s report on assets and liablities found that during FY 2011-12, the declared asset of SP was Rs 212.86 cr which increased by 198 percent to Rs 634.96 cr during FY 2015-16. The average total assets declared by the 20 regional parties during FY 2011-12 was Rs 24.11 cr which increased to Rs 65.77 cr during FY 2015-16.

The ADR report says that while YSR Congress was registered in March, 2011 and AAP in November, 2012, the average assets declared by the these two parties during FY 2012-13 was Rs 1.165 cr which increased to Rs 3.765 cr during FY- 2015-16.

The assets declared by regional parties fall under six major heads: fixed assets, loans & advances, FDR/ deposits, TDS, Investments and other assets.

During FY 2011-12, the regional parties declared maximum assets under FDR/ deposits which amounted to over Rs 331cr (more than 68 percent of total assets) which increased to Rs 1054 cr (more than 80 percent of total assets) in FY 2015-16.

The only asset category to show a reduction in value was “Loans and Advance”. During FY 2011-11, parties invested a total of Rs 19.75 cr whose current value stands at Rs 16.20 cr. Between FY 2013-14 and 2014-15, liabilities of the Shiv Sena reduced by 99.78 percent (Rs 22.21 cr) while that of TDP increased by 259 percent (Rs 5.906 cr) between FY 2014-15 and 2015-16.