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Tribune Information Service
Sanjay Bumbroo
Mohali, January 31
Realtor-turned-politician and former Mayor of Mohali MC Kulwant Singh (60), who’s contesting the Mohali Meeting seat on AAP ticket, is the richest candidate within the constituency having belongings price Rs254.68 crore.
Nonetheless, Kulwant, proprietor of Janta Land Promoters Restricted (JLPL), doesn’t personal a automotive and has solely two-wheelers registered in his title. He drives a Bentley automotive, which is registered within the title of his firm, whereas the two-wheelers are utilized by his youngsters.
Within the affidavit filed alongside along with his nomination papers, Kulwant has declared that his revenue in 2020-21 was about Rs16.27 crore and that of his spouse Jaswant Kaur about Rs6 lakh. Within the 2016-17 monetary 12 months, his annual revenue was Rs5.11 crore which has elevated to greater than 300 per cent throughout the previous 5 years.
The movable belongings of Kulwant are price Rs203.88 crore, whereas the worth of his immovable properties has been pegged at Rs50.80 crore. Properties price about Rs18 crore are within the title of his partner. The couple has a legal responsibility of Rs13.86 crore within the type of loans.
In 1988, Kulwant had developed a colony in Janta Nagar, Kharar. Kulwant just isn’t new to politics as his journey began round twenty years in the past when he contested the municipal committee elections in 1995 and emerged victorious. He had been senior vice-president within the MC from 1995 to 2000 and remained president until 2005.
Kulwant had unsuccessfully contested the Lok Sabha elections from Fatehgarh Sahib in 2014 on SAD ticket. He was expelled from the get together as he had shaped the Azad group throughout the Mohali MC elections and gained 10 seats in 2015. With the help of the Congress, he was elected Mayor. Later in 2017, he joined the SAD, however was once more expelled for anti-party actions in 2021. After that he contested the civic ballot underneath the Azad group however misplaced.
Cash meter
Kulwant Singh (AAP)
Mohali
Belongings: Rs254.68 crore
Movable: Rs203.88 crore
Immovable: Rs50.80 crore
Balbir Singh Sidhu (Cong)
Mohali
Belongings: Rs25.92 crore
Movable: Rs1.77 crore
Immovable: Rs24.15 crore
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