Puducherry, March 21 BJP leader and Puducherry Home Minister A Namassivayam declared movable and immovable assets worth Rs 27.78 crore in an affidavit filed for the upcoming Assembly elections.
He had declared assets worth Rs 25.77 crore during the 2024 Lok Sabha elections.
The BJP has fielded Namassivayam to contest from the Mannadipet constituency in Puducherry.
According to the affidavit filed by Namassivayam for the April 9 elections, the value of movable assets was Rs 16.50 crore, and the value of immovable assets was Rs 11.28 crore.
The affidavit stated that the construction costs incurred after purchasing the immovable properties amounted to Rs 16 lakh.
The market value of the immovable properties owned by Namassivayam, who holds a diploma in civil engineering, was estimated at Rs 23.18 crore by his wife N Vasanthi, Rs 12.12 crore by him, and Rs 8.73 crore by his family members, according to the affidavit.
The value of the inherited properties of Namassivayam was estimated at Rs 3.91 crore, while that of one owned by his wife was Rs 21 crore.
The couple has outstanding debts amounting to Rs 20.90 crore to individuals, banks, and financial institutions.
In terms of gold and silver ornaments, Namassivayam has assets worth Rs 15.47 lakh in his name, his wife Rs 56.74 lakh, and his family Rs 51.17 lakh, according to the affidavit.
