During 2008 assembly election 40% MLAs were crorepatis and figure crossed 70 per cent in 2013. As per the affidavits filed with the Election Commission of India in 2013, the average financial assets of Members of Legislative Assembly (MLAs) in Madhya Pradesh was 5.24 crore and around 161 were crorepatis out of 230 members of the assembly.
These are 2013 data and the Consumer Price Index (CPI) of India has increased by almost 25% in last five years and following which, the current worth of these assets is expected to be much higher in 2018.
BJP tops the list
Sanjay Pathak, rebel Congress leader, who joined BJP in 2014 and a sitting MLA from the Vijayraghavgarh constituency is the winner in the list. He has assets of around Rs121.32 crore. Sanjay Pathak had declared in his ITR that his annual income in FY 2012-13 was Rs8.94 crore.
Chetan Kashyap another BJP leader elected from Katni City constituency owns assets worth Rs120.39 crore and after Kashyap, Sanjay Sharma of the BJP from Tendukheda constituency has declared assets were Rs65.42 crore.
Among all the parties, BJP has the maximum number of rich members, with 118 of its 165 MLAs being crorepatis. The percentage of crorepati MLAs of Congress was 69% and that of the BSP was 25% in 2013.
Interestingly, a deep analysis done by the Association for Democratic Reforms (ADR), based on a study of the affidavits filed by the MLAs along with their nomination papers, proves that richer candidates stand a higher chance of winning.