Rahul Gandhi Declares Rs 20 Crore inAssetsAhead of 2024 Lok Sabha Elections

Rahul Gandhi declares assets worth over Rs 20 crore in his nomination papers for the Rae Bareli constituency. His declaration reveals movable and immovable properties, financial liabilities, and 18 criminal cases against him.

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Rafia Tasleem
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Rahul Gandhi Declares Rs 20 Crore inAssetsAhead of 2024 Lok Sabha Elections

Rahul Gandhi Declares Rs 20 Crore inAssetsAhead of 2024 Lok Sabha Elections

Congress leader Rahul Gandhi has declaredassets worthover Rs 20 crore in his nomination papers for the Rae Bareli constituency in Uttar Pradesh with the 2024 Lok Sabha elections approaching. The declaration, submitted by Gandhi himself, provides a comprehensive breakdown of his movable and immovable properties, revealing some notable absences in his portfolio.

Why this matters: The declaration of assets by a prominent political leader like Rahul Gandhi sets a precedent for transparency in Indian politics, and its scrutiny can influence public perception of politicians' accountability. The declaration of assets by a prominent political leader like Rahul Gandhi sets a precedent for transparency in Indian politics, and its scrutiny can influence public perception of politicians' accountability. In addition, the revelations about Gandhi's assets and liabilities can impact his electoral prospects and shape the narrative of the 2024 Lok Sabha elections.

Gandhi's movable assets total Rs 9,24,59,264, comprising shares worth Rs 4,33,60,519, mutual funds valued at Rs 3,81,33,572, a bank balance of Rs 26,25,157, and gold bonds amounting to Rs 15,21,740. His immovable assets, with a current market value of Rs 11,15,02,598, include self-acquired assets worth Rs 9,04,89,000 and inherited assets valued at Rs 2,10,13,598.

Among Gandhi's immovable assets are agricultural land in New Delhi, jointly owned with his sister Priyanka Gandhi Vadra, and commercial apartments in Gurugram with an estimated value of around Rs 9.05 crore. However, what sets the Congress leader apart from many of his political peers is the absence of a residential apartment or motor vehicle in his name.

The nomination papers also shed light on Gandhi's financial liabilities and cash holdings. He has declared a liability of Rs 49,79,184 and Rs 55,000 in cash on hand. Gandhi's educational background includes an MPhil degree from Trinity College, University of Cambridge, and a Bachelor of Arts degree from Rollins College, Florida.

Gandhi's income sources include his MP's salary, royalty, rent, interest from bonds, dividends, and capital gains from mutual funds. For the financial year 2022-23, his total income stands at Rs 1,02,78,680, marking a decrease from the previous year's Rs 1,31,04,970.

The declaration also reveals that Gandhi has 18 cases lodged against him across various states in the country. One notable case led to his conviction under sections 499 and 500 of the Indian Penal Code for an "alleged defamatory statement made against so-called Modi samaj." He was sentenced to two years in jail, but an appeal has been filed in the court of the principal district judge in Surat, Gujarat, and is currently pending.

Gandhi's asset declaration offers a glimpse into the financial standing of one of India's most prominent political figures. The absence of a personal car and residential apartment raises questions about his lifestyle choices and priorities. With the 2024 Lok Sabha elections drawing closer, Gandhi's declaration is expected to face scrutiny from both supporters and opponents, providing insights into his financial transparency and the legal challenges he currently faces.

Key Takeaways

  • Rahul Gandhi declares assets worth over ₹20 crore in his nomination papers.
  • His movable assets total ₹9.24 crore, including shares and mutual funds.
  • He has no personal car or residential apartment in his name.
  • Gandhi has 18 criminal cases against him, including a conviction for defamation.
  • His total income for 2022-23 is ₹1.02 crore, down from ₹1.31 crore in the previous year.