VADODARA: Cong heavyweight from Dabhoi, Siddharth Patel does not own a car, but he and his wife Virajben Patel jointly hold movable and immovable assets worth Rs 71.73 crore while their financial liabilities are worth 2.48 crore.
The sitting Dabhoi MLA from Congress and son of late Gujarat chief minister, Chimanbhai Patel, Siddharth Patel has represented the family borough Dabhoi twice, including the ongoing tenure, and has also been a former GPCC president.
The businessman, who has done his MBA from University of Dallas, Texas, and his wife, a doctor by profession, jointly hold 15.27 crore in movable assets while their immovable assets amount to 56.46 crore. According to the affidavit filed by him among his nomination papers, the couple has no dependants and they own only one Fabia car which is in Virajben's name.
Among other movable assets, the couple has Rs 2.49 lakh cash in hand while their bank accounts hold Rs 13.89 lakh worth of assets. Together, they possess jewellery worth Rs 22.08 lakh (3,362 grams). They have loaned Rs 7.16 crore to firms, corporations , trusts etc. The Patels also hold Rs 7.35 crore worth of mutual funds, bonds, debentures etc. Their savings in NSS, postal certificates and insurance etc. amount to Rs 35 lakh.
Among immovable assets, Patels own two apartments, one in Ellisbridge locality in Viraj's name and the other in Mumbai's Nana Chowk, in Siddharth's name. The estimated market value of these apartments is Rs 2.20 crore though they claimed to have spent about Rs 1.24 crore at the time of purchase. They also hold agriculture land worth Rs 1.04 crore, which has an estimated market value of Rs 54 crore. At Rs 34.64 crore, Virajben's immovable assets are more than her husband's immovable assets( worth 21.82 crore).