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Naveen’s assets, liabilities increase

The assets of Chief Minister Naveen Patnaik have increased by over 371 lakh during 2019-20, while his liabilities rose to 31.25 crore in 2019-20, a declaration by him said. According to the property list of 20 ministers and Naveen uploaded by the government on its website, as of March 31, 2020, Naveen owned as-sets worth over 64.98 crore, including movable

assets worth 31,34,04,502 and immovable inher- ited property valued at 363,64,15,261 crore. His over- all assets have increased from 64,26,81,924.93 to 64,98,19,763 during the 2019-20 fiscal.

The Chief Minister owns a 1980-model Ambassador car valued at around 38,905 and jewelry worth about 52,89,587. He had term deposits worth 31.03 crores in State Bank of India and 316.76 lakh deposit in another bank, both located in New Delhi. Besides, he had deposits worth 310.56 lakh in the State Bank of India in Bhubaneswar.

Naveen also owns 22.7 acres of farmland and a building at Tikrikhera village of Faridabad valued at 310,75,51,071, as per the valuation done in March 2017.

He owns a 50 percent share of his ancestral property situated at APJ Abdul Kalam Road in New Delhi, which is valued at 343,36,18,000, and a two-thirds share of Naveen Niwas worth over 39.52 crores, as on August 18, 2017. The liabilities of Naveen also increased from 15 lakh to 31.25 crores during the period. Though the Chief Minister has repaid a loan of 15 lakh taken from his elder sister, Gita Mehta, in March 2015, he had taken 31.25 crores as an advance against the sale of the farmland at Faridabad vide an agreement dated September 18, 2019

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