As per the analysis of the affidavits filed by them for the Tamil Nadu Assembly Election 2021, the assets owned by the Tamil Nadu Cabinet Ministers and their spouses and dependent family members grew by almost 110%. In 2016, the assets owned were ₹154.69 crores and it is increased to ₹326.47 crores in 2021.
The huge increase noticed in the worth of tangible assets, which almost increased by 300%, from ₹54.55 crores in 2016 to ₹162.15 crores in 2021. The intangible assets grew from ₹100.14 crores to ₹164.32 crore, which is equal to 64%. The aggregate annual income increased by 80% from, i.e. ₹13.43 crore to ₹24.2 crores, whereas the cumulative liabilities increased from ₹29.7 crores to ₹51.76 crores.
Sources of Income
Many Ministers declared their salary for serving as MLAs, rental income, and farming as a source of income. Few like M.R. Vijayabhaskar, C. Vijayabaskar, and Sevvoor S. Ramachandran have declared business as their income source.
The Commercial Tax and Registration Minister, K.C. Veeramani declared the highest assets worth, both in 2016 and 2021. As per the submitted affidavits for Tamil Nadu Assembly Election 2k21, his assets grew by 148%. His assets were recorded for worth ₹27.7 crores in 2016 which now increased to ₹68.7 crores in 2021.
The Health and Family Welfare Minister, Mr Vijayabaskar, was in the 5th position in the year 2016 holding a total asset worth ₹9.08 crore. Now, as per the affidavits submitted for Tamil Nadu Assembly Election 2021, he is placed 2nd on the list, with his assets increasing about sevenfold to ₹61.5 crores.
Highest Growth In MLA’s Assets
The Higher Education Minister, K.P. Anbalagan, has submitted an affidavit that shows the highest growth in assets. His assets are increased from ₹2.4 crore to ₹19.27 crore, which is about an eight-fold increase in 5 years.
In addition to all these, there are only two persons, Chief Minister Edappadi K. Palaniswami and Minister for Tamil Official Language and Tamil Culture ‘Ma Foi’ K. Pandiarajan, whose assets growth is declined.