King Mahendra: The Richest MP!

Wed Mar 14 2018 16:53:52 GMT+0530 (IST)

The assets and properties of the candidates who are in the Rajyasabha election fray became an interesting topic now.  It is known that senior actress Jaya Bachchan has declared her assets to be Rs.1,000 crores and it has grabbed the attention of the common people in India.

Coming to the present, another Rajya Sabha candidate declared his assets and it has become interesting.  The leader who is planning to enter Rajya Sabha from Bihar state has declared that he has Rs.4,000 crores worth assets.  His name is Mahendra Prasad alias King Mahendra and he filed nomination on behalf of JD(U).  Based on his asset valuation, he is going to be the richest MP in the country.

He has surprised everybody by announcing that he has Rs. 4,000 worth assets.  In his affidavit, he declared movable assets as Rs.4,010 crores and immovable assets worth Rs. 29.1 crores. He is getting ready to enter parliament for the seventh time.  The 78-year old King Mahendra owns two pharmaceutical companies(Mapra Laboratories Pvt Ltd.. and Aristo Pharmaceuticals).  He has deposits worth Rs.2,239 crores related to these two companies.

Another interesting thing is that he doesn't have a single insurance policy in his name. He has declared that his annual income for the financial year 2016-17 as Rs. 303.5 crores.  If we look into his political career, he has entered the Parliament for the first time in 1980 as a Congress party candidate for Lok Sabha.  He was defeated in 1984.  He was given Rajya Sabha ticket later.  From then onwards, he has been continuing as a Rajya Sabha members by achieving tickets from Congress.. RJD.. JD(U).  

King Mahendra has another speciality.  He travelled in 84 countries during April 2002 - April 2003.  Isn't it a unique record? Whatever be the case, for a bigshot like him it will not be a big deal!