Kamal Nath's Son Nakul Richer Than Father, Declares Properties Worth Rs 660 Crore

Madhya Pradesh Lok Sabha Elections

Madhya Pradesh Chief Minister Kamal Nath's son Nakul, who Tuesday filed his nomination for the Chhindwara Lok Sabha seat, owns movable and immovable assets worth over Rs. 660.01 crore.

Written By Press Trust Of India | Mumbai | Updated On:

Madhya Pradesh Chief Minister Kamal Nath's son Nakul, who Tuesday filed his nomination for the Chhindwara Lok Sabha seat, owns movable and immovable assets worth over Rs. 660.01 crore.

The figure, mentioned in his affidavit filed along with the nomination papers, is over five times the assets of his parents, which as per CM Nath's affidavit stood at over Rs.124 crore. Nakul Nath, a businessman-turned-politician, holds movable assets worth over Rs. 615.93 crore while that of his wife Priya is over Rs. 2.30 crore, as per the affidavit.

The value of his immovable assets is over Rs. 41.77 crore while his wife does not own any immovable asset, as per the affidavit. The affidavit stated that Nakul owned these properties in his own name as well as jointly and also through family-controlled companies and trusts.

Nakul and Priya Nath don't own any vehicles, the affidavit stated.

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He owns 896.669 grams of gold bars, 7.630 kilogrammes silver, 147.58 carat diamond and stone jewellery worth over Rs. 78.45 lakh while his wife possesses over 270.322 grams gold, 161.84-carat diamond and stone jewellery valued at over Rs. 57.62 lakh, the affidavit said.

As per Income Tax Return filed for the year 2017-18, Nakul Nath has shown annual income of over Rs. 2.76 crore while his wife''s income stood at over Rs. 4.18 crore.

He also has deposits in various bank accounts and shares in firms and institutes including Institute of Management Technology (IMT) in its Dubai and Sharjah campus and Span Air Private Ltd.

The affidavit stated that Nakul and his brother jointly own a total of 7.82 acres of land in Chhindwara district. The poll debutant also also shared his five social media accounts including his website, Facebook, Twitter, Instagram, Google+ and Blogger.

Nakul is contesting from Chhindwara constituency, where he is up against the BJP''s Nathan Shah, a tribal leader and former MLA. He is fighting the Assembly election for the first time while is 44-year-old son, a Boston University graduate is making his political debut. 

READ: Madhya Pradesh CM Kamal Nath, Son File Poll Nominations

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