Corporators earn Rs 10000 a month, but still become crorepatis after 5 years

by Web Desk | Updated: 2017-02-11

In last five years a majority of corporators who won the BMC elections 2012, had turned into crorepati and it is quite noteworthy that the salaries given to them by BMC are just Rs 10,000 a month.
A recent study conducted by First Post shows that the most of the corporators who got elected five-years-ago for country’s richest civic body have either gone twice as rich then compared to 2012 and some had grown by a whopping 600 per cent during this period.
According to the First Post, the members of all-party standing committee have got their property doubled in last five years. The standing committee which has a huge budgetary allocation of Rs 20,000 crore out of Rs 34,000 crore (total budget), has the responsibility of approving tenders. The tenders include road repair and construction work, repair work, garbage related work and much more.
For last 27-years the Shiv Sena and BJP had ruled the BMC, with the Shiv Sena being the lead party in the standing committee. Currently, in the standing committee, there are 26 members and most of them are from Shiv Sena.
According to reports, every corporator are paid Rs 10,000 per month and they also get an allowance of Rs 150 for every corporation meetings in a month. Also in last two years, the BMC had provided a laptop and mobile phone to every corporator and a monthly allowance of Rs 1,250 is also reimbursed to them.
In last five years, many standing committee members have seen a manifold jumps in their property which was recently declared in their affidavits. In 2012, Shraddha Jadhav, former mayor of Shiv Sena showed that her asset was worth Rs 1 crore but in five years it jumped to 15 crore 93 lakh. Jadhav is contesting the municipal elections from ward no 202 as Shiv Sena candidate. Manoj Kotak, face of BJP in BMC also saw his wealth growing from Rs 2 crore 64 lakh in 2012 to Rs 4 crore 97 lakh in 2017. Samajwadi Party group leader in the BMC Rais Shaikh’s property saw a jump from Rs 27 lakh in 2012 to Rs 2 crore 10 lakh in 2017.
Trishna Vishwarao, Shiv Sena’s group leader in BMC declared his property Rs 6 crore 63 lakh and in 2012 the same leader declared his property worth Rs 1 crore 2 lakh. Congress group leader Pravin Cheda, who is also standing committee member was not found behind when it comes to property. In 2012 Pravin Cheda declared his property worth Rs 8 crore 60 and in 2017 the same leader declared property of Rs 14 crore 4 lakh.
The standing committee chairman Shailesh Phanse’ property jumped from Rs 4 crore 45 lakh to Rs 8 crore 50 lakh in last five years.
A BJP leader raised eyebrows of every reader across India when he declared his net worth Rs 690 crore in an affidavit. The leader identified as Parag Shah, a real estate developer is all set to contest from Ghatkopar ward no 132 against Congress leader Pravin Chheda, Sudhakar Patil (Shiv Sena), Jyoti VVaikar (Samajwadi Party) and Bobi Ramanand Chandeliya (MNS).
The affidavit submitted by Parag Shah revealed that he owns five houses in Ghatkopar. Shah had reportedly declared his movable assets worth Rs 670.57 crore and immovable assets worth Rs 19.38 crore. His wife Mansi owns assets worth Rs 160.92 crore.