Lok Sabha elections 2019: Poonam Mahajan’s assets dip from Rs108.08 crore to Rs 2.20 crore

With Lok Sabha elections to be held in Mumbai on April 29, candidates are rushing to file their nominations. The sitting MP from the Mumbai North Central seat Poonam Mahajan, daughter of former BJP leader Late Pramod Mahajan, filed her nominations on Friday. Mahajan has declared assets worth Rs 2.20 crore, a sharp dip from the Rs108.08-crore valuables declared in the 2014 elections.

According to the Hindustan Times, Poonam Mahajan has individual movable assets worth Rs 1.06 crore, including Rs 75 lakh in cash, bank deposits of Rs 22.02 lakh and insurance policies worth Rs 72.91 lakh.  Her husband, Vajendla Rao, has Rs 29,650 in cash, bank deposits worth Rs 13.41 lakh, policies worth Rs 95.74 lakh and shares worth Rs 5.28 lakh. There is a bank deposit worth Rs 1.38 lakh in her son Aadya’s name. Mahajan has a Honda CRV worth Rs 11.07 lakh registered in her name.

In an explanation for the dip in her assets, Poonam Mahajan told the leading daily, “My husband is an automobile dealer and his business grounded. We had to sell our assets to pay for the liabilities to various institutions. We are only left with my life insurance policy premium.” Mahajan in 2014 Lok Sabha elections had declared that her husband and she owned three flats, agricultural land worth crores at Apta village near Panvel and two high-end cars – Audi Q5 and Audi Q7.

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