Saradha scam accused Madan Mitra has assets worth Rs 88 lakh

Kolkata, April 6:  Former West Bengal minister and Trimool Congress candidate Madan Mitra — who is in custody over the multi-crore-rupee Saradha scam — possesses assets in excess of Rs.88 lakh, according to his affidavit filed with the Election Commission on Wednesday. According to the affidavit, Mitra has moveable assets worth over Rs.52.94 lakh while his immoveable properties are valued at Rs.35.37 lakh.

Mitra, who is defending the Kamarhati seat in North 24 Pargas district, has shown his annual income for 2014-15 as Rs.7.09 lakh.

His moveable assets include bank deposits and investments in excess of Rs.43 lakh, and Rs.1.70 lakh worth of jewellery. There are no vehicles registered in his me.

Mitra’s immoveable assets include two residential buildings in the city and currently carry a market value of Rs.35.37 lakh.

While his annual income jumped from Rs.4.26 lakh in 2010-11, his total assets have seen a jump of Rs.8 lakh only in the last five years.

During the 2011 assembly polls, he possessed properties worth over Rs.80 lakh including Rs.34.47 lakh in moveable assets and Rs.45.97 lakh in immoveable properties. His wife Archa, who has shown her annual income for 2014-15 as Rs.2.21 lakh, possesses properties in excess of Rs.62.30 lakh, including Rs.38.03 lakh in immovable assets. Her moveable assets, worth over Rs.24.28 lakh, include two vehicles valued in excess Rs.12 lakh and jewellery worth over Rs.6 lakh. Mitra’s wife did not have any immoveable properties in her me in 201.

Her immovable property comprises a residential building with 1,462 square feet area in the city. Arrested in December 2014 for his alleged complicity in the Saradha scam, Mitra has been accused of several offences including rioting, crimil conspiracy and crimil breach of trust. (IANS)