Battle For Karnataka: This party has the richest candidate; worth over Rs 700 crore

Battle For Karnataka: This party has the richest candidate; worth over Rs 700 crore
Battle For Karnataka: This party has the richest candidate; worth over Rs 700 crore

Bengaluru: With Karnataka polls round the corner, Congress’ DK Shivakumar has declared his assets worth over Rs 700 crore, as per the poll affidavit filed on Thursday becoming the richest candidate in the Battle for Karnataka.

According to the nomination papers filed at the Kanakapura Assembly segment in Ramanagara district, about 55 km from Bengaluru, Shivakumar, 55, declared his income and assets and that of his wife, Usha’s, to be Rs 730 crore.

Shivakumar who is currently the state’s Energy Minister’s income and assets have nearly tripled since the 2013 Assembly Elections when he had declared assets valued at Rs 251 crore.

Meanwhile, Congress leader was raided by the Income Tax (IT) Department in August 2017 for alleged tax evasion.

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Through the affidavit, Shivakumar declared cash and bank deposits worth Rs 95 crore, immovable assets including commercial buildings and land valued at over Rs 635.8 crore and gold, diamonds and silver valued at over Rs 1.5 crore, among other assets.

In addition, he also disclosed the assets and income of his daughter Aisshwarya to be over Rs 100 crore. The Congress leader was raided by the Income Tax (IT) Department in August 2017 for alleged tax evasion.Over 100 IT sleuths had raided Shivakumar’s aides and kin at over 60 locations in the state, and in Delhi and Chennai, and seized several documents and cash.

A special court in March granted Shivakumar conditional bail after the IT Department had found the Minister allegedly destroying evidence in three tax evasion cases.

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