Spalbar multi-millionaire; rivals have negligible assets

Excelsior Correspondent
JAMMU, Apr 21: Among four main contenders for Ladakh Parliamentary constituency, Congress leader Rigzin Spalbar is multi-millionaire while rest of the three have very negligible assets or cash, the mandatory affidavits filed by the candidates before the Returning Officer at the time of filing of their nomination papers revealed.
Spalbar, who has replaced T Samphel as the Congress candidate for Ladakh seat, has Rs 25.71 crore worth movable assets while his wife has 13.55 lakh worth similar assets. He has also obtained Rs 60.07 lakh worth loans from the banks and financial institutions. His wife has also taken Rs 27.58 lakh worth loans from the banks.
Spalbar has put cost of his self-acquired assets at Rs 4.62 crore and hasn’t inherited any property. He has shown Rs 1.86 crore and Rs 75.54 lakh as development/construction cost of immovable property after purchase.
A resident of Saboo, Ladakh, the Congress candidate is Bachelor of Arts (honors) from CBSE in 1981 batch.
BJP candidate from Ladakh Jamyang Tsering Namgayal, who is also Chairman-cum-Chief Executive Councilor of Ladakh Autonomous Hill Development Council (LAHDC), Leh has movable assets only to the tune of Rs 2.86 lakh and self acquired immovable property worth Rs 2.33 lakh.
A Bachelor of Arts from University of Jammu in 2013 batch, Namgayal has no other assets or liabilities.
Haji Asgar Ali Karbalaie, who has revolted against the Congress and joined electoral fray from Ladakh Parliamentary constituency as an Independent candidate, has no movable assets but his wife has only Rs one lakh worth similar assets. He has Rs 17 lakh worth inherited property.
Barring this, Karbalaie, whose candidature is backed by Imam Khomeini Memorial Trust (IKMT) of Kargil, or his any other family members neither have any other property nor liabilities.
Karbalaie, who has also served as Chairman-cum-CEC of Ladakh Autonomous Hill Development (LAHDC), Kargil, is Matriculate from Jammu and Kashmir Board of School Education.
Journalist-turned politician, Sajjad Hussain Kargili, who is also contesting the election as an Independent candidate from Ladakh constituency with the support of Islamiya School Kargil (ISK), National Conference, People’s Democratic Party (PDP) and some other religious organizations, has no movable or immovable assets either on his own or on his family members’ names.
He has no liabilities too.
All his columns in the affidavit pertaining to movable and immovable assets carried the word `Nil’.
Sajjad Kargili is Masters in Human Rights and Duties and works as freelance journalist.
Tomorrow is last date for withdrawal of nomination papers for Ladakh constituency while voting will be held on May 6 in fifth phase and counting on May 23.
Though there are seven candidates left in the fray after yesterday’s rejection of one nomination of the BJP covering candidate during scrutiny, the observers felt that there would be contest between four candidates only.
BJP had won Ladakh seat in 2014 elections with its candidate Thupstan Chhewang scrapping through with just 36 votes defeating Independent and Congress rebel, Ghulam Raza from Kargil. However, Chhewang had resigned from the BJP and also quit the Lok Sabha membership last year. In fact, he has resigned from the politics and is not active in the present elections.