ADR report Punjab MLAs assets legislative assembly surge ranging

Punjab elections | There has been an increase in the assets of 78 MLAs (77%) who contested again in the Punjab Assembly elections from 2% to 2,954%. This has come to light from a report by the Association for Democratic Reforms (ADR). Based on analysis of election affidavits of these 101 MLAs between 2017 and 2022 assembly elections, the average asset growth is ₹2.76 crore.

According to the report, Shiromani Akali Dal (SAD)'s Sukhbir Singh Badal from Jalalabad constituency has declared the highest increase in assets of Rs 100 crore. His wealth increased from ₹102 crore in 2017 to ₹202 crore in 2022. He is followed by Manpreet Singh Badal of the Indian National Congress, whose assets increased from ₹40 crore in 2017 to ₹72 crore in 2022.

Decline in assets of 21 MLAs from -2% to -74%

However, the assets of 21 MLAs have seen a decline from -2% to -74% in the last five years. Among them is Chief Minister Charanjit Singh Channi, whose assets have come down from ₹14.51 crore in 2017 to ₹9.45 crore in 2022. Punjab Congress President Navjot Singh Sidhu also pointed out a slight decrease in assets. His wealth declined from ₹45.9 crore in 2017 to ₹44.65 crore this year.

Capt Amarinder's wealth rises by 42% in 5 years

According to the report, the assets of former Chief Minister Captain Amarinder Singh increased by 42% in the last five years. His wealth increased from 48.3 crores in 2017 to 68.7 crores in 2022. Congress MLAs who are seeking re-election have seen an increase of 11.13% in their assets. SAD and Aam Aadmi Party MLAs saw an increase of 49.91% and 46.39% respectively. There has been a decrease of 1% in the assets of five BJP MLAs since 2017.