This Minister Declares Assets Worth Rs 700 crore

This Minister Declares Assets Worth Rs 700 crore

Karnataka Energy Minister DK Shivakumar has declared assets worth over Rs 700 crore in the poll affidavit filed before Election Commission. He submitted nomination papers to the Commission to contest from Kanakapura Assembly segment in ensuing Assembly elections.

The 55 year old Shivakumar declared his income and assets including his wife, Usha's are Rs 730 crore. The minister's income has been tripled in five years. In the last elections, he declared Rs 251 crore in the affidavit.

He showed in the affidavit 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.

Shivakumar also disclosed the assets and income of his daughter Aisshwarya over Rs 100 crore. In fact, IT raids were conducted on him in 2017 and came out bail.