Where politicians invest: Mutual funds, RIL and even Kingfisher Airlines

The direct equity investments for a few are limited to unlisted companies, including those owned by their families. BJP President Amit Shah has disclosed a long list of listed and unlisted shares in his name and in the name of his spouse. The listed shares in his name, totalling over Rs 17.5 crore, include companies from Aditya Birla Group, Bajaj, L&T, Tata and both Reliance groups, as also several PSUs. Congress chief Rahul Gandhi has disclosed equity holding in Young Indian and investments in several mutual funds. The portfolio of his mother and senior party leader Sonia Gandhi includes equity shares of Young Indian and Maruti Technical Services Pvt Ltd and mutual fund units of HDFC, Kotak, Motilal Oswal and Reliance MF. Nationalist Congress Party's Supriya Sule, daughter of veteran leader Sharad Pawar, has got unlisted shares worth over Rs 1 crore and listed shares worth over Rs 6 crore, besides some mutual funds. The listed shares include those of Adani Group firms, the two Reliance groups, several Tata firms and even Kingfisher Airlines as also of some other companies from the erstwhile UB Group, including United Spirits which was sold by defaulter businessman Vijay Mallya to global liquor giant Diageo Plc. Kingfisher shares have long been delisted from the stock exchanges, though they quoted at above Rs 300 apiece once. The stocks eventually slipped below Rs 1 and trading was eventually suspended in 2014-end after mounting troubles for the erstwhile luxury airline had led to its closure. Union minister and BJP candidate from Nagpur Nitin Gadkari has equity shares of Purti Power and Sugar Ltd, among other investments. Poonam Mahajan, BJP candidate from Mumbai North Central, has disclosed listed equity investments by her spouse in Kingfisher Airlines, as also in Reliance Industries, TCS, Vodafone Idea Cellular and Reliance Power. Her Congress rival Priya Dutt has listed several mutual fund and portfolio schemes totalling about Rs 14.92 crore, while the listed shares disclosed in the name of her spouse include Reliance Industries, Reliance Infra and Reliance Power. Congress candidate from Mumbai South, Murli Deora, has disclosed multiple bonds, structured market products, PMS account, mutual funds and FMPs (fixed maturity plans). Actress-turned-politician Urmila Matondkar, Congress candidate from Mumbai North, has disclosed Rs 28.28 crore worth investment in shares, bonds and mutual funds and PMS (portfolio management service) investments worth about Rs 6 crore, but the individual stocks/units were not disclosed. Jaya Prada, another former actress and the BJP candidate from Rampur in Uttar Pradesh, has also disclosed investments in some listed companies such as Energy Development Company Ltd (which has got her political mentor Amar Singh as a promoter), Coal India, HDFC Bank, ITC, MCX and Reliance Industries. Actor-politician Raj Babbar, the Congress candidate from Fatehpur Sikri, has investments in IL&FS Transportation Networks Ltd. Among other Uttar Pradesh candidates, Union minister and BJP leader Satyapal Singh has disclosed investments worth Rs 1.5 lakh in mutual funds and bonds in his name and some equity shares held by his spouse including of Reliance Capital and Reliance Industries. Another union minister V K Singh and his spouse have also invested in various mutual funds. ... DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttp://www.nfomedia.com/profile?uid=rQgRab