BJD assets grow by 7,721% in 10 years


Bhubaneswar, November 24, 2017: The
assets of the party has increased from Rs 24 lakh during 2005-06 FY to Rs 18.77
crore during 2015-16 FY and the liabilities of BJD increased from Rs 20,000 during
FY 2005-06 to Rs 20.6 lakh during FY 2015-16.

BJD president and Odisha CM Naveen Patnaik

“Along with providing details of income and
expenditure during a financial year, a political party is also required to
declare details of their assets and liabilities as part of their audit reports,
a copy of which is uploaded on the website of the Election Commission of India
(ECI) for public consumption. Based on the information on BJD available with
Association for Democratic Reforms (ADR) between FY 2005-06 and 2015-16, it is
seen that the assets of the party increased from Rs 24 lakhs during FY 2005-06
to Rs 18.77 crore during FY 2015-16 and the liabilities of BJD increased from
Rs 20,000 during FY 2005-06 to Rs 20.6 lakhs during FY 2015-16,” said a Odisha
Election Watch release.
This report is based on the IT Returns
of BJD for five years which are available with the ECI for the 11 years between
FY 2005-06 and 2015-16. Based on the information available, it is seen that BJD
has declared an increase in overall assets of the party by 7,721% between FY
2005-06 and 2015-16 while declaring an overall increase in liabilities of the
party by 10,200% between FY 2005-06 and 2015-16, the release revealed.
The assets declared by BJD fall under
6 major heads: fixed assets, loans and advances, FDR/ deposits, TDS,
Investments and other assets. During FY 2005-06, BJD declared maximum assets
under Other Assets which amounted to Rs 23.8 lakhs. This constituted 99% of
total assets declared by the party under various heads. During FY 2015-16, the
highest asset category is FDR/ Deposits under which BJD has declared holding Rs
16 crore which forms 85%of the total assets declared under various heads by the
party, it said.
Despite filing multiple RTI
applications with the Income Tax department responsible for collecting audit
report of BJD from 2006-07 to 2009-10 and 2011-12 to 12-13 six years, the
department has declined to provide the information in spite of the Central
Information Commission (CIC) directing them to make the data available to ADR,
it added. 

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