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Know incarcerated state minister Nawab Malik’s net worth

by Team Deccan Express
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Mumbai : deccan express Nawab Malik Net Worth | NCP spokesperson and State Minority Minister Nawab Malik was arrested by the ED on Wednesday. He has been accused of doing financial dealings with an accused in the 1993 Mumbai blasts, which were planned and executed by fugitive underworld don Dawood Ibrahim.

 

After Malik’s arrest, his wealth is being talked about. Many posts about his net worth have been posted on social media. According to the affidavit Malik had submitted to the Election Commission in before the 2019 state elections, he is in possession of following assets, properties:

 

1. He had Rs 4.54 lakh cash. His wife had 97,000 cash. His bank balance was Rs 5 lakh. His wife’s bank balance was Rs 1.92 lakh.

2. Malik had invested Rs 35,231 in securities while his wife held securities worth Rs 1.13 crore. She has an insurance policy with an assured sum of Rs 5 lakh.

3. He had taken a loan of Rs 15.16 lakh. He also has vehicles worth Rs 7 lakh while his wife held property amounting to Rs 4 lakh.

4. His immovable property, house, is valued at Rs 1.14 crore while his wife has immovable property amounting to Rs 2.70 crore.

 

Malik’s income

– The affidavit states that he had earned Rs 10.90 lakh in 2018-19. His income in 2017-18 was Rs 11.83 lakh while it was Rs 2.03 lakh in 2016-17, in 2015-16, it was Rs 6.14 lakh.

 

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