Complaint in Lokayukta court against Kar Textiles minister
In his complaint, B M Shankaregowda, President of Primary Land Development Bank, Kolar, alleged that Prakash had declared his annual income as Rs 2.4 lakh and his monthly income as Rs 20,000 when he contested the Assembly polls in May 2008.
In 2011, in his asset declaration before Lokayukta, he showed a steep increase in his and his family members' income.
On Nov 16, 2010, Prakash purchased a commercial property in the prime business area of JC Road in the city for a sale consideration Rs 14.50 crore for which he paid stamp duty of Rs 97.44 lakh and registration charges of Rs 14.50 lakh.
However, he did not reveal this in his declaration before the Lokayukta, Shankaregowda claimed.
The complainant alleged that Prakash had also not disclosed that he was a director of a company, for which he and his family members contributed Rs 32 lakh.
Judge N K Sudhindra Rao posted the complaint to April 2 for further hearing.