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An analysis by the Association for Democratic Reforms (ADR) reveals that the Bharatiya Janata Party is currently the richest political party. According to the ADR report, BJP has declared assets worth Rs 4,847.78 crore for the financial year 2019-20. It was followed by Bahujan Samaj Party (BSP), which declared assets of Rs 698.33 crore (9.99 per cent) and Indian National Congress (INC) which declared assets of Rs 588.16 crore (8.42 per cent). Out of 44 regional political parties, the top 10 parties declared assets worth Rs 2,028.715 crore or 95.27 per cent of the total assets declared by all regional parties for the financial year 2019-20.

This report came out on Friday. According to the analysis, the total assets declared by seven national and 44 regional parties during this period were Rs 6,988.57 crore and Rs 2,129.38 crore respectively. Among the regional parties, the Samajwadi Party declared the maximum assets at Rs 563.47 crore (26.46 per cent). After this, Telangana Rashtra Samithi (TRS) declared assets worth Rs 301.47 crore and AIADMK Rs 267.61 crore.

The ADR has also given full details of the liabilities of all the parties in its report. It has been told that in the year 2019-20, a total liability of Rs 74.27 crore has been declared by the national parties. In this episode also, the property which has been taken through borrowing is 4.26 crores, while the other liabilities have earned Rs 70.01 crores.

National and regional parties have failed to comply with the guidelines of the Institute of Chartered Accountants of India (ICAI), which directs the parties to declare the details of financial institutions, banks or agencies, the ADR’s analysis said. from whom the loan was taken. The guidelines specify that the parties should specify the terms of repayment of term loans based on the due date such as one year, 1-5 years or due after 5 years.

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