Owaisi has assets worth over Rs 13 crore, no car

Owaisi has assets worth over Rs 13 crore, no car

Hyderabad, March 18 (IANS) MIM President Asaduddin Owaisi, who filed his nomination for Hyderabad Lok Sabha constituency on Monday, declared assets worth over Rs 13 crore but he owns no vehicle.

His movable assets are Rs 1.67 crore and immovable assets are to the tune of more than Rs 12 crore.

According to the affidavit furnished by him while filing his nomination, his wife has movable assets worth Rs 10.40 lakh and immovable assets of Rs 3.75 crore.

Owaisi, who is seeking re-election for a fourth consecutive term, also declared that his liabilities stand at Rs 9.30 crore including Rs 5 crore loan taken from younger brother Akbaruddin Owaisi. The liabilities of his wife are at the tune of Rs 2.75 crore including Rs 1.20 crore payable to him towards her share in cost of construction of their house.

His income during 2017-18 was Rs 10 lakh, down from Rs 13.33 lakh in the previous year.

The President of Majlis-e-Ittehadul Muslimeen (MIM) owns no car but has a NP Bore .22 pistol worth Rs 1 lakh and a NP Bore 30-60 rifle worth Rs 1 lakh. He has Rs 2 lakh cash in hand and bank deposits worth over Rs 43 lakh.

His wife has 20 tola of gold jewellery worth Rs 6.40 lakh, Rs 2 lakh cash in hand and Rs 1 lakh bank deposit.

The 49-year-old leader owns no agricultural or non-agricultural land or commercial building. His residential buildings includes a house at Shastripuram where he currently resides. In this property with a built-up area of 36,250 square feet, Owaisi has three-fourth share and his wife has one-fourth share. They purchased the land for Rs 2 crore and invested Rs 11 crore for construction, the declaration shows. The approximate current market value of the house is Rs 15 crore.

He owns another house at Misri Gunj worth Rs 60 lakh. He has 2/8th share (Rs 37.50 lakh) in a flat in Nav Sansad Vihar, Dwarka, New Delhi.

The declaration also mentions that there are five criminal cases pending against him with charges framed in respect to one case. He declared that he was not convicted for any criminal offence.

In 2014 elections, Owaisi had declared movable assets of Rs 27.84 lakh and immovable assets to the tune of over Rs 3.10 crore with total liabilities standing at Rs 1.40 crore.

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