Odisha CM has loan of Rs.15 lakh

Image
IANS Bhubaneswar
Last Updated : Oct 30 2015 | 7:28 PM IST

Even as he continues to be the richest among his cabinet colleagues, Odisha Chief Minister Naveen Patnaik has a loan of Rs.15 lakh on his head.

Patnaik has been ruling the state for the last 15 years.

According to the properties and assets statement of Patnaik for the year 2014-15, the chief minister, who has a deposit of Rs.23.70 lakh in his four accounts in Odisha and New Delhi, took a personal loan of Rs.15 lakh from his sister in the last fiscal.

"Temporary loan of Rs.15 lakh from Geeta Mehta, received vide cheque no 479486 dated 09.03.2015 drawn on Bank of Tokyo - Mitsubishi, UFJ Ltd, New Delhi," said Patnaik's statement.

His movable properties include an Ambassador car of 1980 vintage valued at Rs.17,000, bank deposits of Rs.23.70 lakh and jewellery worth Rs.1.89 lakh.

Patnaik has inherited a farmland from his mother Gyan Patnaik measuring 22.7 acres and a building at Tikrikhera village near Faridabad in Haryana, which is valued at Rs.7.25 crore.

He also inherited property on A.P.J. Abdul Kalam Road (formerly Aurangzeb Road) in New Delhi worth Rs.36 crore from his father Biju Patnaik and his two-thirds share from Naveen Nivas in the state capital. It is valued at Rs.5.7 crore, the statement said.

The property statement furnished by Patnaik said he did not acquire any new asset, either movable and immovable, during the last financial year.

The property statements of other ministers showed that Law and Panchayati Raj Minister Arun Kumar Sahoo was the poorest among the ministers with assets of Rs.30 lakh.

Health Minister Atanu Sabyasachi Nayak has a loan of Rs.17 lakh, Urban Development Minister Pushpendra Singhdeo bought gold worth Rs.15 lakh for his younger daughter, said the assets statement of the ministers.

Finance Minister Pradip Amat has total immovable property of Rs.56 lakh and his movable properties include a vehicle worth Rs.10.86 lakh and Rs.5 lakh cash.

Food Supplies Minister Sanjay Das Burma's assets have come down by Rs.1 crore while he has invested Rs.1 crore in a newspaper which is owned by his wife.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 30 2015 | 7:14 PM IST

Next Story