Businessman H. Vasanthakumar (65), who is contesting from the Nanguneri constituency as the Congress candidate, is one among the richest contestant in the fray for the May 16 Assembly polls.
Mr. Vasanthakumar, proprietor of Vasanth & Co, leading consumer electronics and home appliances sellers in Tamil Nadu, has declared assets to the tune of Rs. 332.27 crore in the affidavit he filed along with the nomination. He has also declared that he has taken loans to the tune of Rs. 122.53 crore from various financial institutions.
When he contested the Lok Sabha elections in 2014 from Kanyakumari, Mr. Vasanthakumar had declared assets worth Rs. 285 crore while his borrowings stood at Rs. 87 crore. And this assets-liability proportion stood at Rs. 36 crore and Rs. 13 crore in 2006 when he contested the 2006 Assembly polls from Nanguneri.
