VD Satheesan Declared New Chief Minister of Kerala with Assets Over ₹6 Crore
What Is VD Satheesan's Net Worth? New Kerala CM Owns Assets Worth Over Rs 6 Crore
News 18
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VD Satheesan has been appointed as the new Chief Minister of Kerala, representing the Congress party. His election affidavit reveals a net worth exceeding ₹6 crore, which includes substantial movable and immovable assets. This comes as the Congress-led United Democratic Front (UDF) makes a significant comeback in the state's assembly elections.
- 01VD Satheesan appointed as Chief Minister of Kerala by the Congress party.
- 02His net worth is declared at over ₹6 crore, including various assets.
- 03The Congress-led UDF won 102 out of 140 assembly seats in the recent elections.
- 04Satheesan's movable assets total approximately ₹53.82 lakh.
- 05The UDF's victory ends a decade of rule by the Left Democratic Front (LDF).
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VD Satheesan has been officially announced as the new Chief Minister of Kerala following the Congress party's significant victory in the recent assembly elections, where the United Democratic Front (UDF) won 102 out of 140 seats. Satheesan's election affidavit reveals a net worth of over ₹6 crore (approximately $720,000 USD), comprising both movable and immovable assets. His assets include ₹53.82 lakh in movable properties, with his wife, Lakshmipriya, holding assets worth ₹68.45 lakh. The couple's holdings encompass cash, bank deposits, gold, and shares. Additionally, Satheesan's immovable assets, valued at ₹2.42 crore, include inherited and self-purchased properties in Paravoor and Nettoor. The UDF's victory marks a historic comeback after a decade of rule by the Left Democratic Front (LDF), which secured only 35 seats in the assembly.
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This leadership change may influence local governance and policy direction in Kerala, impacting various sectors including infrastructure and social welfare.
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