Guwahati, March 24 (NationPress) Badruddin Ajmal, the leader of the regional party All India United Democratic Front (AIUDF), is contesting the Assembly elections from the Binnakandi constituency. In his election affidavit, he has disclosed assets exceeding Rs 169 crore and liabilities surpassing Rs 4.45 crore.

As per the affidavit submitted with his nomination documents, Ajmal's movable assets are valued at approximately Rs 52.43 crore, while his immovable assets are around Rs 149.12 crore. His wife, Rizwaana Badruddin Ajmal, has reported movable assets of about Rs 31.08 lakh and immovable assets worth around Rs 6.82 lakh.

The affidavit reveals liabilities totaling Rs 4.45 crore, primarily consisting of loans from various financial institutions.

In terms of earnings, Ajmal has declared an income of approximately Rs 3.21 crore for the fiscal year 2024-25, while his spouse reported an income of Rs 49,950 during the same timeframe.

Over the past decade, Ajmal's wealth has witnessed a dramatic increase, with his total assets now exceeding Rs 169 crore, as shown in his latest election affidavit. A comparison with previous affidavits indicates a consistent rise in Ajmal's net worth over the last decade.

During the 2014 Lok Sabha elections, Ajmal reported assets in the range of Rs 44-50 crore. By the 2019 Lok Sabha elections, his total assets had surged to around Rs 78-90 crore, demonstrating nearly a doubling of his wealth within five years.

In his most recent affidavit, Ajmal's declared assets have jumped to over Rs 169 crore, more than tripling his wealth compared to ten years ago.

This increase is mainly attributed to a rise in his immovable assets, which are now valued at approximately Rs 149 crore, in addition to movable assets exceeding Rs 52 crore.

His investments cover a range of areas, including real estate, business interests, stocks, and financial instruments, as detailed in the annexures of the affidavit.

The AIUDF chief has listed a diverse portfolio of investments, including bank deposits, shares, bonds, and stakes in various companies.

The annexures attached to the affidavit highlight significant assets in companies and partnerships, along with property such as vehicles and jewelry.

Ajmal’s immovable assets encompass both agricultural and non-agricultural land, in addition to residential properties located in Assam and other states.

Properties listed in the affidavit include those situated in Hojai, Guwahati, and parts of Karnataka, showcasing a well-diversified real estate portfolio.

Legally, the affidavit notes one pending criminal case against Ajmal related to allegedly objectionable comments, which is currently under investigation.

Furthermore, the affidavit states that Ajmal holds a highest educational qualification of matriculation from Darul Uloom Deoband.