Naveen Patnaik has assets over Rs 63.87 crore

Odisha Chief Minister Naveen Patnaik, who is seeking to return to power for the fifth consecutive time, owns assets worth over Rs 63.87 crore but has only Rs 25,000 cash in hand. His car - an Ambassador of 1980 model is valued at around Rs 8905, as per an affidavit submitted by Patnaik along with his nomination for the coming assembly election from Hinjili seat.

The chief minister filed his papers at Chhatrapur earlier in the day. The assets worth over Rs 63.87 crore owned by Patnaik include movable properties of Rs 2326554.52 and immovable inherited properties valued at over Rs 636415261, according to the affidavit.

The immovable properties include those owned by Patnaik jointly with his brother and sister. Patnaik has shown his total annual income as Rs 21,17,223 in his Income Tax return for 2017-18. In 2016-17 and 2015-16, his annual income stood at Rs 14,84,617 and Rs 12,96,944 respectively.

The sources of his income are bank interest and salary, the affidavit said. The BJD supremo has two bank accounts with the Bank of India branch here and at the SBI, Parlaiment branch in New Delhi which have Rs 6,52,378. He has Rs 6,50,648 in his bank account here and only Rs  1730 in his account in the Delhi bank.

Patnaik possesses jwellery weighing 45.770 gram worth about Rs 2,12,252. The BJD president has shown a farm land and building at Tikri Khera in Faridabad. The total area of the land is 22.7 acres which has a current market value of Rs 10,75,51,071.

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In addition, Patnaik owns two-third share of Naveen Niwas, his house here and 50 per cent share of a property situated at APJ Abdul Kalam Road, New Delhi.

While the market value of Naveen Niwas, which is spread over 2.133 acres, was around Rs 9.52 crore on August 18, 2017, the approximate value of the property on 1111.19 sq meter land at APJ Abdul Kalam Road, New Delhi is Rs 43,36,18,000, the affidavit said.

Patnaik has no pending criminal case in his name in any court, it added. He is also contesting from Bijepur seat in Bargarh district.