With Rs 4,000 Crore Assets, This Rajya Sabha Candidate May Be The Richest

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Patna:  With declared assets worth over Rs 4,000 crore, Mahendra Prasad or King Mahendra as he is known, is all set to enter Rajya Sabha for the seventh term. The 78-year-old filed his nomination papers from Bihar as a candidate of the JD(U) for the third time.

In his election affidavit, Dr Prasad has disclosed movable assets worth Rs 4,010.21 crore besides immovable assets to the tune of 29.1 crore.

Dr Prasad, who owns two pharmaceutical companies – Mapra Laboratories Private Limited and Aristo Pharmaceuticals – has declared term deposits of nearly Rs 2,239 crore with the State Bank of India.

The billionaire doesn’t own any motor vehicle or insurance policies, according to his affidavit, but holds gold jewellery worth over Rs 41 lakh.

Dr Prasad showed a total income of Rs 303.5 crore in his income tax return filed for the financial year 2016-17.

He first entered parliament in 1980 after winning the Jehanabad Lok Sabha seat on a Congress ticket but lost the…

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