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Friday, April 10, 2009

Mumbai businessman richest neta in LS race, with Rs514cr

RAJKOT: He is perhaps the wealthiest candidate in the fray for the Lok Sabha polls.

Khimji Patadia, a Mumbai-based businessman, took everyone
by surprise when he filed his nomination as an Independent from Surendranagar. Patadia, 53, has declared assets worth Rs 514 crore, mainly in jewellery and real estate.

He surpasses the richest of candidates like the Congress’s L Rajagopal from Vijaywada (Rs 299 crore), the BSP’s Karan Singh Tanwar from South Delhi (Rs 150 crore) and the SP’s Abu Azmi from Mumbai NW (Rs 122 crore).

Founder of the little-known Krantikari Jaihind Sena, Patadia, a college drop-out who hails from Sanosara village in Surendranagar, made his money after moving to Mumbai in the late 1970s. A resident of Kandivli, Patadia is a promoter of the Swastik group of companies which has interests in construction and jewellery. As per his affidavit, he has declared movable property worth Rs 255 crore and immovable property to the tune of Rs 259 crore.

Besides bank deposits, debentures and bonds, Patadia owns 1.5 kg of gold and diamond jewellery worth Rs 250 crore. He also owns oil paintings worth Rs 3 crore.

Patadia’s land holdings are mainly in and around Mumbai and Thane. He also owns 40 acres of land in Gujarat and a flat in Kandivli. “Netaji Subhash Chandra Bose is my idol. My party is against the politics of caste, religion and language,’’ says Patadia, whose party plans to field 30 candidates in Gujarat, Maharastra, AP and UP. “Education, free electricity for farmers and free housing for the poor are our priorities,’’ he said.

The Times Of India



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