PUNJAB POLL 2022: AAP’s Kulwant Singh richest in Mohali constituency : The Tribune India

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 value Rs254.68 crore.

Nonetheless, Kulwant, proprietor of Janta Land Promoters Restricted (JLPL), doesn’t personal a automobile and has solely two-wheelers registered in his identify. He drives a Bentley automobile, which is registered within the identify of his firm, whereas the two-wheelers are utilized by his youngsters.

Within the affidavit filed alongside together with his nomination papers, Kulwant has declared that his earnings 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 earnings was Rs5.11 crore which has elevated to greater than 300 per cent through the previous 5 years.

The movable belongings of Kulwant are value Rs203.88 crore, whereas the worth of his immovable properties has been pegged at Rs50.80 crore. Properties value about Rs18 crore are within the identify 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 will not be 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 fashioned the Azad group through 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