Badal family grew richer by Rs 13 cr in five years

Archit Watts

Tribune News Service

Muktsar, January 12

Chief Minister Parkash Singh Badal’s family is worth Rs 76.87 crore and among all the members, his deputy-son and SAD president Sukhbir Badal is the richest.  

Sukhbir, as per the nominations filed today, has declared his total net assets (after deducting liabilities) worth Rs 32.69 crore. His wife and Union Minister Harsimrat Kaur Badal has shown her total assets worth Rs 29.68 crore. At Rs 14.5 crore, the Badal Senior owns the least among the trio. 

The combined assets of the Chief Minister, his son and daughter-in-law and Union Minister Harsimrat Kaur Badal have shown an increase of Rs 13.1 crore over the past five years. During the 2012 Vidhan Sabha elections, Parkash Singh Badal had declared his total assets worth Rs 6.75 crore while Sukhbir’s net worth was Rs 45 crore. Harsimrat had declared her assets worth Rs 12.02 crore during the 2014 Lok Sabha poll (total previous worth is Rs 63.77). Surprisingly, the family does not own a car, though they have three tractors worth Rs 9.4 lakh. Two tractors are owned by Sukhbir (worth Rs 5.5 lakh) and one by Parkash Singh Badal (worth Rs 3.9 lakh). Harsimrat doesn’t even own a tractor.

They have total bank balance of Rs 1.12 crore, which includes Rs 34.7 lakh with Parkash Singh Badal, Rs 65.27 lakh of Sukhbir and Rs 12.66 lakh of Harsimrat.

The trio owns immovable property worth Rs 67.76 crore, including agricultural land worth Rs 15.78 crore. This comprises Parkash Singh Badal’s land of Rs 8.53 crore, Harsimrat’s of Rs 5.59 crore and Sukhbir’s land of Rs 1.65 crore. The total movable assets are worth Rs 48.8 crore.

Sukhbir has liabilities of Rs 39.7 crore while his wife’s are of Rs 5 lakh. The CM has none.

Their worth

Majithia’s assets: Rs 11 crore

• Total assets: Rs 11,89,66,30
• Cash in hand: Rs 15,000 with his wife Ganieve Kaur: Rs 12,500
• Fixed deposits: Rs 21,46,393 his wife’s: Rs 24,66,007
• Investments in bonds, debentures: Rs 11,11,42,977 his wife’s: Rs 1,40,22,265
• Wife's insurance policy/postal savings: Rs 14,72,100
• Jewellery & valuables: Rs 26,50,000 his wife’s: Rs 30,15,000

Sodhi owns Rs 7-lakh guns 

• Watches: Rs 6 lakh
• Guns: Rs 7 Lakh
• Vehicles: Honda Accord, Cheverolet Cruze
• Gold: 700 gm worth  Rs 21 lakh
• Movable assets: Rs 35.57 lakh his wife Tina Sodhi’s Rs 22.67 lakh
• Immovable: 13 acres agricultural land at Mohan Ke Utar village worth Rs 1.5 cr, 4.3 acres at Kotbilia village worth Rs 2.5 cr; house in Sector 4, Panchkula, worth Rs 4.5 cr; commercial building in Ferozepur worth Rs 70 lakh
• Fixed deposits:  Rs 16 lakh

Warring ‘poorer’ by Rs 2.2 cr

• Total assets: Rs 1.69 cr
• Movable assets: Rs 1.15 cr
• Immovable assets: Rs 1 cr
• Liability: Rs 45.92 lakh
• • Cash in hand: Rs 60,000
  • Jewellery: Rs 2.6 lakh
  • Vehicle: Toyota Innova
  • Assets in 2012: Rs 3.9 cr