Asset of re-contesting MLAs in TN doubles in five yrs: ADR

The average asset of 89 re-contesting MLAs in Tamil Nadu has doubled by Rs 4.27 crore between 2011 and 2016, with Chief Minister J Jayalalithaa witnessing an increase of over Rs 62 crore in asset, as per a survey by Association for Democratic Reforms (ADR).
The average asset of these re-contesting MLAs fielded by various parties in 2011 was Rs 4.35 crore, while it now stands at Rs 8.63 crore in 2016, reflecting a jump of 98 per cent.
AIADMK's Jayalalithaa witnessed asset increase by Rs 62 crore from Rs 51 crore in 2011 to Rs 113 crore in 2016, ADR said.

DMK's M Karunanidhi asset increased by over Rs 18 crore (Rs 44 crore in 2011 to Rs 62 crore in 2016) and that of AIADMK's R Sarathkumar rose by more than Rs 36 crore (Rs 27 crore in 2011 to Rs 64 crore in 2016), it added.
Tamil Nadu Election Watch and ADR have analysed the affidavits of 89 outgoing MLAs who are re-contesting from major parties in the 2016 Tamil Nadu Assembly elections to be held on Monday.
AIADMK's 51 MLAs average asset increased by Rs 4 crore, while that of 16 DMK MLAs rose by Rs 5 crore.

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In a separate survey, ADR said that the average asset of 97 re-contesting MLAs in Kerala assembly elections have increased by Rs 1.66 crore between 2011 and 2016.
The average asset of these re-contesting MLAs fielded by various parties including independents in 2011 was Rs 1.80 crore, while it stands at Rs 3.47 crore in 2016, a growth of 92 per cent, it said.
Kerala Election Watch and Association for Democratic Reforms (ADR) have analysed the affidavits of 97 outgoing MLAs who are contesting again in the 2016 Kerala assembly elections to be held on Monday.
Among major parties, the average asset of INC's 27 MLAs increased by more than Rs 46 lakh in five years, while that of 23 CPI(M) MLAs rose by over Rs 49 lakh, ADR survey said.

Thomas Chandy of NCP saw his total assets increase by over Rs 46 crore from 2011-2016 and K B Ganesh Kumar of Kerala Congress (B) assets rose by more than Rs 20 crore, the survey added.