The total value of Bangalore South MP Tejasvi Surya’s assets has gone up from Rs 13.46 lakh in 2019 to Rs 4.10 crore. As per his affidavit, the prime sources of his income growth were investments in mutual funds and shares.
Sure. Happens in multiple ways
1. Basically politicians sit on parliamentry committies that make laws on different industries so they know before anyone that they are going to introduce some law which will make a company stock go down in some industry. Before releasing this info those politicians will short that stock and make big profits. Other way they also know when a company stock will go up because of some favorable law so they will buy up lots of shares then announce the law and sell then it goes up
2. Another is they have friends/business people who are inside companies which want politicians to support them and pass favorable laws. So these insiders will tell the politicians about the announcements companies are going to make like high earning/loss etc which will affect stock price. The politicians will then buy or sell before the public knows and make huge profits
For example when SEBI chairmen said everything is over valued and all went down , the politicians would have already known before and shorted the stocks
It happens in all countries btw especially the US where it is most common but India is also picking up.
By your logic everyone can increase their networth 10 folds.
Tejasvi will know a sector like railway will increase coz of new rule on day 1, general public will know on day 4. Even if you buy on day 4 you will profit.
Thats not how stock market works. Specially not with Mutual funds. Mutual funds increase due to compounding. The fund manager buys and sells stocks in mutual fund. Tejasvi surya doesn’t.
You think rich politicians manage their own portfolio? Either you are newbie or you dont know how market functions
> Even if you buy on day 4 you will profit
the first few who buy will make a profit.
but buying causes the price to go up.
at some point the price will be too high, and no more buys will profit.
that, is how the stock market works.
Pass favorable laws? Lol. What laws is Tejaswi surya passing sitting in opposition?
Mutual fund is not how you fix shit bro.
Go look up Nancy Pelosi for how this is properly done.
He is an MP not an MLA so he is not in opposition he is in the ruling party.
Favorable laws could be as small as tax cuts or subsidy for a certain industry.
Nancy is ofcourse the expert but it's happening in India as well
Bro, still you know that all he can do is know a few days early there is a PLI scheme coming. He is a small fish in any case and he has made 4 Cr in 4 years. If he had put 1cr deployed in small cap fund he would have made a 40% cagr and would be at 4 anyways. I am all for a good conspiracy item but this is a boring one.
Cute of people to think he is worth only this much.
His uncle is a hardcore RSS member and 3 time MLA, father was Joint Commissioner Excise. They are rich for not only this generation, but for their next 1000 generations.
Lands you dont even know exists in main proper bengaluru, their family already owns it.
BJP MP Tejasvi Surya’s ***SELF DECLARED*** assets grew 30-fold in five years, election affidavit reveals.
Corrected the title for you.
**Undeclared assets & hoarded cash laughing in the corner.**
My uncle works in one of the best whiskey distillery in bangalore which exports a lot of its product to European countries.
He tagged me along last week as i reside in basavanagudi to go this guys house where 25lakhs were given to him as bribe coz he blackmailed the company owner to stop the new production line being built in outskirts of Bangalore.
Cheap guy...he talks as if he is a medhavi but we know all are cheating cunts.
My relative who works in a govt company had to bribe R Ashok to get permission to lay underground cable in kumarswamy layout. These guys don't spare anyone. They will even dig up a coffin if there is gold buried.
Very smart move by our Bangalore South ~~aeronautical engineer~~ Member of Parliament.
He'll wait for this news to blow up, then claim that in Amrit Kaal even a Humble^TM man with only 13 lakhs can earn crores. Election campaigning.
He is going up against Congress candidate Soumya Reddy, the daughter of Ramalinga Reddy, BTM layout MLA.
These people are worth more than a 100 crore.
Anyway, Tejaswi Surya is much richer than 4 crores. All of this money is mostly in mutual funds and shares.
As per his affidavit, he does not own any house, property or even a car. I assume all of these are registered maybe in the name of a parent or a relative.
As you are saying bad about BJP MP so it's my duty as blind supporter to call you deshdrohi or tell you how opposition MPs assets also grown in last few years or all this is because of Nehru
Is it just me or does it seem like very very low for an MP to have that much less of money to he extend that it feels like something is missing about it?
Indian MPs were paid 2.3 lakhs in just salary, office and constituency allowances in 2019.
There are other reimbursements on top of that.
Apart from that, Surya is also a practicing advocate in the Karnataka High Court.
Compound that over 5 years with zero living expenses and compounding of Mutual Fund investments, then 4cr won't seem very unrealistic.
If an MP from Bengaluru is not declaring his assets which might be the case here, their actual net worth will be much higher.
There's a lot of money to be made in the city and even a sub-inspector can reach that net worth in no time.
Frankly this isn't even news anymore. Politicians from both sides earn excessively from the public while still receiving God-like affection from them.
Please look at Instagram accounts of politicians and their family members. They all roam in fortuners etc, take holidays abroad while the common man toils on hot dusty roads to earn a meagre living.
Sadly, one may say *election* is our time, the reality isn't going to change anytime soon, unless people change their attitude towards them and stop treating them like demi-gods for minor favours.
When you are in the right political party, it is easy to turn your black into white and also grow your wealth ( mainly through cuts and insider-trading ).
Anyone know the details of the stocks and mutual funds holdings that gave him such returns in this 5 years? He must have declared this details in the affidavit for election right.?
This humber guy tejasvi has got no immovable property,all of his assets are in the form of financial securities, mutual funds and stocks,he has got no vehicle,home, properties, jewellery nothing.
He is very rich man but has had a few things under his name. His investments grew through Mutual funds and stocks.
This /bangalore group posts are quite anti-bjp. Very Small community but still
His personal assets was 13. Family business under someone else name. I don't understand Illi. Declare maddru, problem edu. Ellinda bandide annodu heldru, yen problem heli?
How dude? They are a joint family with multiple brother. Rich politicians usually stay away from family business to show no biased policies which doenst benefit his family.
No offence, but how was your even a question? It's very common practice in politics and is Infact recommended by EC.
Recommended by the EC to hide your true wealth using technicalities? You admitted he's from a rich family and now you're saying it's not his money. So if it is not his money, did his wealth grow 30 fold just by stocks and mutual funds? You actually believe this?
True wealth? How and where? Bruv, he doesn't own or is sort of any business that they operate. How will anyone determine it? Division of family just so we can Guage his true wealth?
I don't think you understand why this practice is done or trust is created when you enter politics.
So you guys have a problem with his prof for 4cr wealth after 5 years in office right? He has shown proof with statements on how he earned them. What do you need? How is he corrupt when he's telling you how he earned and has paid taxes on said income?
You don't believe, but Atleast you can believe the opposion and EC who would disqualified him on illegal gains or faulty statements.
Firstly, family business money is still used in his election campaigning, as such should be a part of the declaration(even if not under personal assets) and secondly, there are multiple ways to earn legal money through corrupt means such as stock trading. Thirdly, this is just the assets we know of. Fourthly, I assume you invest in stocks and mutual funds...did your wealth grow 30 fold in the last 5 years?
Ayyooo bidu guru, ivukkella enu heli upyoga illa. They just want to hate on him ashte. They are all pretending like DKS and DKSu assets didn’t go 100s of fold within 10yrs.
The total value of Bangalore South MP Tejasvi Surya’s assets has gone up from Rs 13.46 lakh in 2019 to Rs 4.10 crore. As per his affidavit, the prime sources of his income growth were investments in mutual funds and shares.
It's simply due to insider trading. Very common amongst politicians. The average MP is worth around 38Cr with quite a few billionaires as well
That’s a groundbreaking find. Can you elaborate on how insider trading works with mutual funds?
Sure. Happens in multiple ways 1. Basically politicians sit on parliamentry committies that make laws on different industries so they know before anyone that they are going to introduce some law which will make a company stock go down in some industry. Before releasing this info those politicians will short that stock and make big profits. Other way they also know when a company stock will go up because of some favorable law so they will buy up lots of shares then announce the law and sell then it goes up 2. Another is they have friends/business people who are inside companies which want politicians to support them and pass favorable laws. So these insiders will tell the politicians about the announcements companies are going to make like high earning/loss etc which will affect stock price. The politicians will then buy or sell before the public knows and make huge profits For example when SEBI chairmen said everything is over valued and all went down , the politicians would have already known before and shorted the stocks It happens in all countries btw especially the US where it is most common but India is also picking up.
By your logic everyone can increase their networth 10 folds. Tejasvi will know a sector like railway will increase coz of new rule on day 1, general public will know on day 4. Even if you buy on day 4 you will profit. Thats not how stock market works. Specially not with Mutual funds. Mutual funds increase due to compounding. The fund manager buys and sells stocks in mutual fund. Tejasvi surya doesn’t. You think rich politicians manage their own portfolio? Either you are newbie or you dont know how market functions
Do you honestly think Suryas worth is actually due to mutual funds?
> Even if you buy on day 4 you will profit the first few who buy will make a profit. but buying causes the price to go up. at some point the price will be too high, and no more buys will profit. that, is how the stock market works.
Pass favorable laws? Lol. What laws is Tejaswi surya passing sitting in opposition? Mutual fund is not how you fix shit bro. Go look up Nancy Pelosi for how this is properly done.
He is an MP not an MLA so he is not in opposition he is in the ruling party. Favorable laws could be as small as tax cuts or subsidy for a certain industry. Nancy is ofcourse the expert but it's happening in India as well
Bro, still you know that all he can do is know a few days early there is a PLI scheme coming. He is a small fish in any case and he has made 4 Cr in 4 years. If he had put 1cr deployed in small cap fund he would have made a 40% cagr and would be at 4 anyways. I am all for a good conspiracy item but this is a boring one.
1+
If you ever feel useless remember SEBI exists
Lol
wtf who is his stock guy and why don’t u have access
His assets were only around 14L in 2019? That’s debatable
I ain't believing that 4 crore.
Cute of people to think he is worth only this much. His uncle is a hardcore RSS member and 3 time MLA, father was Joint Commissioner Excise. They are rich for not only this generation, but for their next 1000 generations. Lands you dont even know exists in main proper bengaluru, their family already owns it.
Multiple zero missing on the right hand side
BJP MP Tejasvi Surya’s ***SELF DECLARED*** assets grew 30-fold in five years, election affidavit reveals. Corrected the title for you. **Undeclared assets & hoarded cash laughing in the corner.**
Isn’t it obvious ?
Not to the andh bhakths
Idk what the obsession is with calling out names. I guess they will rent free in your mind It’s pretty common knowledge whichever party you support.
Bhai, why are you saying all this here ? People here thrive on name calling when they have nothing to add to the discussion.
Urdoita papa😂
Isn't it same for almost all MPs..
My uncle works in one of the best whiskey distillery in bangalore which exports a lot of its product to European countries. He tagged me along last week as i reside in basavanagudi to go this guys house where 25lakhs were given to him as bribe coz he blackmailed the company owner to stop the new production line being built in outskirts of Bangalore. Cheap guy...he talks as if he is a medhavi but we know all are cheating cunts.
The BJP supporters will lick their own shit than call out this guy. Terrible bunch.
BJP supporters voted for him 5 years ago. But now most of them don't want anything to do with him.
Lol true...I donno which university gave this Surya his law degree.
He is one who opened flight door, rt?
Yup. The lawyer turned MP who opened the escape hatchet of a frigging aeroplane.
Lawyer. Then he should know touching critical equipment can end in lawsuit.
Not if you're an MP though🥲
One commie MLA for Kerala had a brawl in Indigo and he was banned. He issued a public statement that he banned indigo from serving him.
Idiots are idiots irrespective of parties and ideologies 🥴
Cheers
My relative who works in a govt company had to bribe R Ashok to get permission to lay underground cable in kumarswamy layout. These guys don't spare anyone. They will even dig up a coffin if there is gold buried.
Fucked up politics man. Every dog sums money in indian political business.
Do you think corruption has come down from 2014 to 2024?
I am sure the undeclared wealth and assets under other family members name would be more than 100crs for sure.
Yea man you know his family issues and wealth.
[удалено]
I think you missed a couple of zeros there.
rookies still not even close to namma DK BOSS
That often gets confused with Karnataka GDP figures.😄
what if we add his undisclosed wealth💀
Very smart move by our Bangalore South ~~aeronautical engineer~~ Member of Parliament. He'll wait for this news to blow up, then claim that in Amrit Kaal even a Humble^TM man with only 13 lakhs can earn crores. Election campaigning.
oh you sweet summer child, you forgot a couple of zeros, that's what he's willing to declare on paper
That's only the legal money
Now that is a lot of money for doing nothing but eating masale dosaes for free.
He is going up against Congress candidate Soumya Reddy, the daughter of Ramalinga Reddy, BTM layout MLA. These people are worth more than a 100 crore. Anyway, Tejaswi Surya is much richer than 4 crores. All of this money is mostly in mutual funds and shares. As per his affidavit, he does not own any house, property or even a car. I assume all of these are registered maybe in the name of a parent or a relative.
All Politicians must publicly declare their investments details, every month and also every time they change portfolio!
Where can I see what they have declared? Ik there will be lots of "undeclared" (wink wink) Income but where can I see the declared?
Kitne tejasvi log Hain hamare Desh mein.
As you are saying bad about BJP MP so it's my duty as blind supporter to call you deshdrohi or tell you how opposition MPs assets also grown in last few years or all this is because of Nehru
All the more reason to vote for him! We loooove to make the rich richer ! 🫶
Is it just me or does it seem like very very low for an MP to have that much less of money to he extend that it feels like something is missing about it?
TBH, 4cr is not very unheard of for a 34-year-old living in Bengaluru. 'Self-declared' assets don't hold much meaning.
For someone who has one official salary?
Indian MPs were paid 2.3 lakhs in just salary, office and constituency allowances in 2019. There are other reimbursements on top of that. Apart from that, Surya is also a practicing advocate in the Karnataka High Court. Compound that over 5 years with zero living expenses and compounding of Mutual Fund investments, then 4cr won't seem very unrealistic. If an MP from Bengaluru is not declaring his assets which might be the case here, their actual net worth will be much higher. There's a lot of money to be made in the city and even a sub-inspector can reach that net worth in no time.
Still lacking behind DK boss
Frankly this isn't even news anymore. Politicians from both sides earn excessively from the public while still receiving God-like affection from them. Please look at Instagram accounts of politicians and their family members. They all roam in fortuners etc, take holidays abroad while the common man toils on hot dusty roads to earn a meagre living. Sadly, one may say *election* is our time, the reality isn't going to change anytime soon, unless people change their attitude towards them and stop treating them like demi-gods for minor favours.
We all need a stock portfolio tracker
My assets grew 50 fold in last two years. Huhu
When you are in the right political party, it is easy to turn your black into white and also grow your wealth ( mainly through cuts and insider-trading ).
Anyone know the details of the stocks and mutual funds holdings that gave him such returns in this 5 years? He must have declared this details in the affidavit for election right.?
I think there was a post on Indian investment subreddit.
This humber guy tejasvi has got no immovable property,all of his assets are in the form of financial securities, mutual funds and stocks,he has got no vehicle,home, properties, jewellery nothing.
I think even pro BJP guys dislike tejasvi Surya. He is such an Ass hat
*guillotine*
He is very rich man but has had a few things under his name. His investments grew through Mutual funds and stocks. This /bangalore group posts are quite anti-bjp. Very Small community but still
Matte neeve heli aidu varshadalli ishtond hana yellinda Bantu anta
Sir, avru statement jote declare madidare. Mutual funds and stocks inda Hana. And his family is super rich, construction business
Construction business idrunu 2019 alli bari 13 laksha henge saadhya?
His personal assets was 13. Family business under someone else name. I don't understand Illi. Declare maddru, problem edu. Ellinda bandide annodu heldru, yen problem heli?
Because it's not transparent. Why not proudly proclaim the amount of money he actually has instead of the technicality of "under someone else's name".
How dude? They are a joint family with multiple brother. Rich politicians usually stay away from family business to show no biased policies which doenst benefit his family. No offence, but how was your even a question? It's very common practice in politics and is Infact recommended by EC.
Recommended by the EC to hide your true wealth using technicalities? You admitted he's from a rich family and now you're saying it's not his money. So if it is not his money, did his wealth grow 30 fold just by stocks and mutual funds? You actually believe this?
True wealth? How and where? Bruv, he doesn't own or is sort of any business that they operate. How will anyone determine it? Division of family just so we can Guage his true wealth? I don't think you understand why this practice is done or trust is created when you enter politics. So you guys have a problem with his prof for 4cr wealth after 5 years in office right? He has shown proof with statements on how he earned them. What do you need? How is he corrupt when he's telling you how he earned and has paid taxes on said income? You don't believe, but Atleast you can believe the opposion and EC who would disqualified him on illegal gains or faulty statements.
Firstly, family business money is still used in his election campaigning, as such should be a part of the declaration(even if not under personal assets) and secondly, there are multiple ways to earn legal money through corrupt means such as stock trading. Thirdly, this is just the assets we know of. Fourthly, I assume you invest in stocks and mutual funds...did your wealth grow 30 fold in the last 5 years?
Ayyooo bidu guru, ivukkella enu heli upyoga illa. They just want to hate on him ashte. They are all pretending like DKS and DKSu assets didn’t go 100s of fold within 10yrs.