PMO Makes Montek Singh Ahluwalia, Wife’s Assets Public

NEW DELHI (TIP): Planning Commission deputy chairman Montek Singh Ahluwalia and his wife own assets worth Rs 3.85 crore and two properties in Greater Kailash and Noida. Data accessed through RTI also showed that he has an outstanding loan of Rs 1.5 crore. The information was given by the Prime Minister’s Office (PMO) in response to an RTI filed by activist S C Agrawal, who had earlier asked for details of assets and liabilities of the Union Council of ministers that were disclosed.

The PMO made Ahluwalia’s financial details public after taking his permission. Ahluwalia’s financial assets net of liabilities as of March 31, 2012, are Rs 3,85,82,450. He has a loan of Rs 1.5 crore from Syndicate Bank for purchase of a house worth Rs 7.1 crore in Greater Kailash. Ahluwalia purchased the 500-square yard house in 2006, and his wife has a 60% share in it. The 69-year old economist has a plot in Noida which he obtained through Greenwoods Government Officers’ Welfare Society of which he is a member.

The plot, along with construction of one room, had incurred an expense of around Rs 25 lakh. All the property and the bank accounts stated in the RTI reply are jointly held by Ahluwalia and his wife Isher J Ahluwalia, who is an independent incomeearner, the reply said.

He also has an apartment constructed in 2001 at a cost of around Rs 30 lakh, on first and second floor in Panchsheel Enclave here, on an existing single-storey house which, along with the plot, is owned by his mother, it said. According to the RTI reply, Ahluwalia has five bank accounts, including one in the US, with a cumulative balance of more than Rs 1.43 crore. He has also invested Rs 3,33,58,817 in Indian mutual funds and Rs 58,49,360 in Fidelity Investment, Washington, DC.

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