BJP explains difference in Modi's affidavits

Party says transferred money to Modi's bank accounts towards election expenses in interregnum of filing of two affidavits

Archis Mohan New Delhi
Last Updated : Apr 25 2014 | 12:53 PM IST
The Bharatiya Janata Party (BJP) issued a press statement today morning on behalf of chartered accountant and key Narendra Modi aide Parindu Bhagat to explain the difference of Rs 14.34 lakh between Modi’s affidavits filed in Vadodara and Varanasi.

Bhagat claimed the increase was because the party had transferred the money to Modi’s bank accounts towards his election expenses in the interregnum of filing of the two affidavits.

The affidavit Modi filed on Thursday as part of his nomination to contest as a BJP candidate from Varanasi showed an increase of Rs 14.34 lakh in his bank balance from the affidavit filed in Vadodara on April 9.

A BJP press statement issued today stated that the Vadodara affidavit was prepared on April 6 while the Varanasi one on April 21. The only difference in the two affidavits is in the increase of Rs 14.34 lakh in the Varanasi affidavit.

The statement claimed that Modi’s bank balance, when the affidavit was prepared for Vadodara, was Rs 11, 74,394. The bank balance increased to Rs 26, 05,394 by the time the Varanasi affidavit was filed. This resulted in an increase of Rs 14, 31,000.

This, Bhagat said, was because the BJP had transferred that amount to Modi's Vadodara bank account for his election expenses in Varanasi.

“The reason for the same is amount transferred in his election bank account from the party (BJP) in Vadodara account and balance of his dedicated bank account for the election at Varanasi,” Bhagat said in the statement. The chartered accountant attributed the difference of Rs 3,000 in cash balance to routine cash flows.

In his immovable assets, Modi has disclosed ownership in a residential plot in Gandhinagar with current market value of Rs 1 crore.

Affidavits Difference 
  Vadodra Varanasi Difference
Cash   29 ,700   32 ,700   3, 000
Bank Balance  11,74,394  26,05,394  14,31,000
Bank FDR  32,48,989  32,48,989   
Bond   20,000   20,000   
NSC & LIC  4,34,031  4,34,031   
Gold  1,35,000  1,35,000   
I-T Refund      
2011-12   54,403   54,403   
2012-13   61,065   61,065   
   51,57,582  65,91,582  14,34,000

Source: BJP press statement issued April 25
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First Published: Apr 25 2014 | 12:44 PM IST

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