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    1. Re: [INDIA-ROYALTY] News : Maharaja in Poverty
    2. Henry Soszynski
    3. At 03:52 AM 07/04/04 -0700, you wrote: >After reading this article i could not stop feeling >sad for the maharaja. Poorman! with assets worth only >1500 crore (sigh!) , i will definitely shed a tear for >him. > >___________________________________________________ > > >" ASSETS = Rs 1,522.53 cr; BANK BALANCE= 0 " > >TIMES NEWS NETWORK[ WEDNESDAY, APRIL 07, 2004 01:46:18 >AM ] > >MYSORE : By far, scion of the Mysore royal family >Srikantadatta Narasimharaja Wadiyar and Congress >candidate from Mysore Lok Sabha constituency appears >to be the richest among politicians, going by the list >of assets he furnished in his affidavit during filing >of nomination papers on Tuesday. > >He is worth Rs 1,522.53 crore, which includes the >Mysore and Bangalore Palaces , both worth Rs 1,500 >crore. But he has specified that both palaces are >under litigation. He owes Rs 1.75 lakh as property tax >to the government.   > >Wadiyar submitted the affidavit along with his >nomination papers, as per the apex court ruling, >declaring assets and liabilities or overdues to public >financial institutions and the government.   > >Wadiyar has declared that he has Rs 50,000 cash and no >bank balance. He has invested Rs 18.99 lakh in bonds, >debentures and shares in companies.   > >He has other financial instruments like postal savings >and LIC policies to the tune of Rs 4 lakh. He owns a >Maruti Zen valued at Rs 1.5 lakh, Rs 75,000 worth >jewellery and other assets worth Rs 87.33 lakh, such >as values of claims/interests.   > >His spouse, Pramoda Devi Wadiyar, has Rs 50,000 cash >and like her husband, does not maintain any bank >balance. She has invested Rs 5.92 lakh in bonds, >debentures and shares, and has Rs 4 lakh worth of >postal savings, NSS and LIC policies.   > >Her jewellery is worth Rs 13.90 lakh and she has other >assets worth Rs 16.12 lakh. Providing details of >immovable assets, Wadiyar has specified that he does >not have any agricultural land, and possesses Rs 12 >crore plus worth of non-agricultural land in >Alanahally, Kurubarahally and lands in and around >Mysore (Garikemala, Doddakere and a plot adjacent to >Regency theatre).   > >He has laid claim to the Mysore and Bangalore Palaces >, which he values at Rs 1,500 crore, according to the >affidavit. However, he has mentioned that the >Acquisition Act has been challenged before the >Karnataka High Court and Supreme Court.   > >Besides, the scion has Lokaranjan Mahal and Stables in >Nazarbad, spread over 30 acres and valued at Rs 3 >crore, and Rajendra Vilas Palace atop Chamundi Hills, >Fernhill Palace in Ooty and Gun House in Mysore . > > How does this compare to Baroda or Gwalior wealth? The latter was supposedly worth $US3 billion at the time of the Rajmatas passing. I wonder who will inherit the Mysore money? His sisters and their children? Since the Maharaja is childless and has not adopted. Cheers, Henry

    04/10/2004 06:16:19