Senior Advocate and Congress leader Abhishek Manu Singhvi has declared assets with a combined current market value of approximately ₹2,558 crore in the election affidavit filed along with his nomination for the Rajya Sabha polls from Telangana..The affidavit filed before the Returning Officer discloses the assets held by Singhvi, his spouse and his Hindu Undivided Family (HUF), along with details of income, liabilities and other financial interests.According to the affidavit, Singhvi reported an income of over ₹374 crore for the financial year 2024–25. His declared income for the preceding years was over ₹333 crore in 2023–24, ₹359 crore in 2022–23, ₹290 crore in 2021–22 and ₹158 crore in 2020–21..The affidavit also provides a detailed account of movable and immovable assets held by Singhvi and his family. The disclosures include bank deposits, investments in shares and mutual funds, loans and advances, vehicles, jewellery and other valuables. It lists jewellery worth ₹2.40 crore held by Singhvi, and ₹157.53 crore held by his wife. The value of artworks and paintings owned by Singhvi runs into more than ₹25 crore, according to the affidavit. Among the immovable assets declared are residential properties in New Delhi held by Singhvi and his spouse. The affidavit also lists various financial investments and other movable assets in substantial amounts. It records personal loans of about ₹353.32 crore extended by Singhvi, along with smaller loans and receivables. His spouse has separately declared loans to companies of about ₹72.99 crore. .Interestingly, the affidavit also contains a detailed listing of household and office appliances under the category of “other fixed assets”. The list includes items such as air conditioners, furniture, kitchen appliances, computers and other equipment, with the depreciated value of a computer recorded at ₹163..While, the affidavit records that there are no criminal convictions against Singhvi, it discloses a prosecution complaint filed by the Income Tax Department in 2014 relating to alleged under-reporting of income.Proceedings in the matter are pending before a court in Delhi and have been stayed by the Delhi High Court, according to the disclosure. .The affidavit also mentions income tax dues exceeding ₹63 crore against Singhvi. .Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
