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Candidates declare horses, TVs, refrigerators as assets

Affidavits filed by candidates give us a peek into their lives, and their kitchens

, Bangalore Mirror Bureau|
Updated: May 02, 2018, 12.25 PM IST
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(This story originally appeared in on May 02, 2018)

One of the richest candidates in Bengaluru, Congress’ Byrati Basavaraj from KR Puram seat has declared income of Rs 27.77 crore in his latest income tax returns, but he has just about Rs 1.4 lakh in cash on hand. Even sitting minister and Shivajinagar candidate Roshan Baig doesn’t prefer to keep too much cash on him — he declared his cash on hand to be around Rs 25,000. Among other things, candidates have declared household items like television, refrigeration, generators, video players and coffee makers as assets. The assets, liabilities and incomes declared in the affidavits filed by the candidates throw up some interesting facts.

Our city development minister KJ George has income from a race horse while he has taken a loan of Rs 7 crore from Embassy honcho. Former chief minister BS Yeddyurappa also has just about one lakh cash on him. Probably a side effect of the Hublot watch controversy, candidates are making no bones about declaring their personal collections, including high-end watches.

Sitting MLA and candidate from Govindarajnagar, Priya Krishna, has declared movable assets worth Rs 860 crore and his immovable assets are pegged at Rs 160 crore. Priya seems to own the choicest of the vehicles —Pajero, Audi A8, Montego, Bolero, water tankers and excavators — all estimated to cost upwards of Rs 5 crore. Priya has also declared website cost to be Rs 80,000.

Priya’s father and sitting MLA from Vijayanagar M Krishnappa has declared vessels and kitchen items worth Rs 4.66 lakh, video cassette player worth Rs 1.1 lakh, printer worth Rs 21,000, TV worth Rs 2.15 lakh, and refrigerator worth Rs 30,000.

Former home minister G Parameshwara has declared that he is an LIC agent and agriculture consultant in his affidavit. He has also declared a coffee maker, TV and refrigerator.

Sitting MLA and Rajajinagar candidate from BJP S Suresh Kumar and his family believes only in investing in LIC policies. They have no other institutional investments barring nine policies worth Rs 5.75 lakh.

Apart from movable and immovable assets and incomes, George has also declared a profit of Rs 95,000 from a race horse. The former home minister has gifts worth Rs 32 lakh that are watches. Even Byrati Basavaraj has declared watches worth Rs 86 lakh and cars worth Rs 2.83 crore.

Another interesting candidate is Anil Kumar, an independent contesting from Bommanahalli constituency. He is taking on the BJP’s sitting MLA Sathish Reddy and is the richest independent candidate. His declared assets are worth Rs 339 crore and he owns a fleet of 16 cars.

Energy minister and Kanakapura candidate DK Shivakumar is also one of the richest candidates with Rs 700 crore of declared assets. He has also lent a lot — nearly Rs 101 crore in “personal and unsecured loans” to 35 individuals, firms and many top developers.
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