AIADMK’s assets increased by 155% from 2011 to 2016!
- IndiaGlitz, [Saturday,March 10 2018]
An organization named Association for Democratic Reforms (ADR), which has been conducting survey on assets of political parties, has found that the AIADMK’s assets had gone up by a whopping 155% during the 5-year period from 2011-16.
AIADMK’s declared assets, which stood at Rs.88.21 crores in 2011, had gone up to Rs.224 crores by 2016, thus registering a 155% increase in five years, which is considered ‘phenomenal’ by ADR which has further stated that the assets of regional parties such as the AIADMK, the Shiv Sena, the Samajwadi Party (SP) and the All India Forward Bloc (AIFB) continued to register considerable progress in recent times.
Shiv Sena’s assets had gone up during the same period from Rs.20.59 crores to Rs.39.56 crores, which is an increase of 92%. During this period, most regional parties have shown deposits into their respective ban accounts as reason for the increase in their assets. These parties have together received Rs.331.54 crores (68.77%) as deposits, thus, thus registering an average 80% increase of assets.
Assets of regional parties stood at Rs.24.11 crores in 2011-12 and became Rs.65.77 crores by 2015-16. YSR congress and Aam Aadmi Party (AAP) declared their assets in 2012-13 as Rs.1.16 crores which increased to Rs.3.76 crores by 2015-16. SP, which had Rs.212.8 crores as assets in 2011-1, increased it by 198% to attain asset of Rs.634.96 crores by 2015-16.
At the same time, these parties have also declared their liabilities: Shiv Sena and DMK had a liability of Rs.16.5 crores and Rs.9.2 crores in 2011-12 while TRS (Telengana) claimed to have a liability of Rs.15.97 crores in 2015-16. Shiv Sena’s liability came down by 99% by 2013-14 while TRS’ liability had increased by 259%.