Politics - A lucrative business

In 5 years, minister's assets multiply 60 times

PUDUCHERRY: Public health minister A Namassivayam seems to have multiplied his assets by more than 60 times, according to his 2011 declaration.

Ahead of the 2006 assembly polls, he claimed that he and his wife did not own residential or commercial buildings. He also declared that neither of them had bank deposits. Namassivayam's net assets then were worth around Rs 12 lakh. Now, as per the records furnished, his assets are worth roughly Rs 7.5 crore.

Namassivayam, who was elected from Oulgarat constituency and now proposes to contest Villianur, has revealed that he has deposits to the tune of Rs 6.58 lakh in various banks while his wife has approximately Rs 17 lakh.

He also owns residential buildings worth Rs 75.88 lakh and his wife, residential properties worth Rs 55.18 lakh. The minister also owns commercial buildings worth Rs 30.68 lakh and his wife too has commercial properties worth Rs 21 lakh. The couple, who did not invest in shares, has now invested Rs 1.2 lakh.

In 2006, they had just an Indica car and two kinetic Honda scooters. Today, they own nine vehicles, including a bus and four lorries worth about Rs 66 lakh. The couple had agricultural land worth Rs 50,000 in 2006. In 2011, the agricultural land they own is estimated to be worth Rs 3.42 crore.

As I have been crying hoarse during the last four years, there is no business as lucrative as that of a politician, leaving aside high society Call Girls or prostitutes. I consider them the same. One P sells her body, the other P would sell his own mother if it benefited him.
But this man, Public health minister A Namassivayam, seems to be a novice..
It should have been 75 or maybe 750 crores instead of just 7.5 crores.
Or maybe he may not be such a fool.
He has just under declared his assets.
I think all these declarations by politicians should be made public so that if anyone in the public know of any more properties in the politician's name, they should inform the election commission and the CVC.