The famed proprietor of Vasanth & Co, a leading consumer electronics seller in Tamil Nadu, has declared assets worth Rs.332.27 crore

Vasanthakumar richest candidate in TN Jayalalithaa comes a close second
news TN 2016 Friday, April 29, 2016 - 16:59

Kamyakumari's Congress candidate H Vasanthakumar holds the distinction of being the richest candidate in the TN polls this time, with assets to the tune of Rs 337.26 crore.

The famed proprietor of Vasanth & Co, a leading consumer electronics and home appliances seller in Tamil Nadu, has declared assets worth Rs. 332.27 crore in the affidavit he filed along with the nomination. He has also declared that he has taken loans to the tune of Rs. 122.53 crore from various financial institutions.

During the 2014 Lok Sabha elections, Vasanthakumar had declared assets worth Rs. 285 crore while his borrowings stood at Rs. 87 crore. And this assets-liability proportion stood at Rs. 36 crore and Rs. 13 crore in 2006 when he contested the Assembly polls from Nanguneri.

Belonging to Agastheeswaram taluk in Kanyakumari district, he is the brother of senior Congress leader Kumari Ananthan. He was elected as an MLA from Nanguneri Assembly segment in Tirunelveli district in the year 2006.

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