A mix of industrialists and businessmen, who have inherited riches or rose from humble backgrounds and even endured boom and bust cycles, the MPs are illustrative of how the political stock of the wealthy is increasing rapidly. IMAGE: Nakul Nath, the Congress MP from Chhindwara and Madhya Pradesh Chief Minister Kamal Nath’s son. Photograph: Kind courtesy Nakul Nath/Facebook The country’s most powerful crorepatis club is in session these days. It is meeting at the grand 92-year-old circular building that we know as Parliament House. Peep into the Lok Sabha, the Lower House of India’s supreme legislative body, and you’ll find that almost 90 per cent of the newly elected members of Parliament are crorepatis. First-time Congress MP Nakul Nath might be a new entrant to the club, but he is leading it with net assets worth Rs 660 crore (Rs 6.6 billion). Another Congress MP, H Vasanthakumar, who has won from Kanyakumari in Tamil Nadu, comes a distant second with declared assets worth Rs 412 crore (Rs 4.12 billion). If you take into account just the five richest Lok Sabha MPs — Nath, Vasanthakumar and D K Suresh (Congress), Kanumuru Raghu Rama Krishna Raju (YSR Congress) and Jayadev Galla (Telugu… Read full this story
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