Election candidates must declare offshore assets now

Kolkata: Candidates in the upcoming Lok Sabha elections will have to declare their offshore moveable assets and liabilities in their affidavit, as per an amendment made by the Election Commission of India (ECI), an official said on Friday. “To ensure that all moveable assets are reflected in the affidavit given by the candidates, a further […]

ECI

Kolkata: Candidates in the upcoming Lok Sabha elections will have to declare their offshore moveable assets and liabilities in their affidavit, as per an amendment made by the Election Commission of India (ECI), an official said on Friday.

"To ensure that all moveable assets are reflected in the affidavit given by the candidates, a further category 'offshore assets' has been included for details of deposits of all assets and liabilities in foreign countries," Additional Chief Electoral Officer, West Bengal, Sanjay Basu told reporters.