Rajeev Chandrasekhar’s affidavits: The riddle of wealth disclosure

Chandrasekhar uses a loophole in the law to not declare his entire wealth. Aiding him is the way his company holdings are structured.

WrittenBy:Nandini Chandrashekar
Rajeev Chandrasekhar.

It is not once, but twice that union minister and Thiruvananthapuram BJP candidate Rajeev Chandrasekhar’s election affidavits have come under the scanner. While the Kerala High Court cited time and dismissed a petition that alleged that he had not declared all his wealth and income, it has also become a source of jokes with actor Prakash Raj asking in Thiruvananthapuram, how the millionaire minister earns less than him. 

Though Rajeev and his family are part of companies that make millions, and Rajeev himself had shares worth hundreds of crores, the question is why he has declared just Rs 13.69 crore as his moveable assets in his 2024 election affidavit.

The Congress and others have raised many questions. How can Rajeev Chandrasekhar who has flaunted his cars before cameras declare that he does not own cars are the questions that have been raised? What about the properties he owns through subsidiaries of companies he has a stake in, including a property in London purchased for 11.5 million pounds in 2010? In 2020, Hurun India’s list of rich people pegged him at No 596 with a wealth of Rs 1,400 crore.

TNM looked through his affidavits and what we could understand was that nothing much has changed since 2018. Rajeev is using a loophole in the law to not declare his entire wealth and aiding him in doing this is the way his company holdings are structured like a maze. 

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