Baba Ziauddin Siddique, a prominent politician and social worker, was tragically shot dead in Mumbai’s Bandra area at the age of 66. Originally from Bihar, Siddique was known for his luxurious lifestyle and substantial assets. He had a distinguished political career with the Congress party, serving in various ministerial roles in Maharashtra.
Net Worth Overview
As per his affidavit filed before the Maharashtra Election 2014, Siddique’s total assets were approximately ₹76 crore, while his liabilities stood at around ₹23 crore. Public records from MyNeta indicate that there were no criminal cases against him.
Movable Assets
Siddique’s movable assets were valued at ₹6.75 crore, which included ₹87,000 in cash and bank deposits totaling approximately ₹42 lakh spread across institutions like the Bank of Baroda, HSBC, and Punjab National Bank. He also had shares and bonds in several companies, including investments in Betala Global, Sanyo Impex, and Ambuja Cement, amounting to around ₹26 lakh. Additionally, he had insurance policies with a total assured value of ₹72 lakh and personal loans amounting to ₹3.1 crore.
Immovable Assets
His immovable assets were valued at ₹23 crore, consisting of residential and commercial properties in Bandra West, Mumbai. This included properties like Pali Gaothan and Maqba Heights, collectively worth over ₹19 crore, and a commercial property at God Gift CHS valued at ₹4 crore.
Liabilities
On the liabilities side, Siddique owed ₹2.68 crore. This included an outstanding car loan from ICICI Bank of ₹14 lakh, as well as loans from his son Zeeshan Siddique and Zears Impex India LLP, totaling ₹20 lakh and ₹1.24 crore, respectively. He also had a security deposit of ₹1.1 crore with Zears Developers Pvt Ltd.
Controversial Properties
Despite his reported net worth, the full extent of Siddique’s wealth came under scrutiny in 2018 when the Enforcement Directorate (ED) seized properties associated with him valued at ₹462 crore. This seizure included 33 apartments in Mumbai linked to allegations of corruption and money laundering involving slum rehabilitation schemes.
Political Journey
Siddique’s political journey began in 1977 with the Congress party, starting with the National Students’ Union of India (NSUI) and later moving to the Youth Congress. He was elected as a municipal councillor in 1992 and became the MLA for Bandra West in 1999, serving multiple terms until 2009. Throughout his career, he held several significant positions in the Maharashtra government.
Family Life
Baba Siddique was married to Shehzeen Siddique, and they had two children: daughter Arshia Siddique and son Zeeshan Siddique, who is also involved in politics.
Baba Ziauddin Siddique’s life was marked by his political influence and wealth, but his untimely death leaves a significant void in his community.
