JD(S) nominee is worth Rs 58 crore!

Mungaru Male Krishnappa as he is popularly known, is worth around Rs 58 crore, as per the affidavit of assets filed by him along with the nomination papers.

During the 2008 Assembly elections, when he contested from Yelahanka constituency from the JD(S), he had declared around Rs 30 crore assets. In just one year, it has nearly doubled.

How is that the value of his assets doubled in one year? His major asset is land.
He and his wife T A Jagadamba own more than 60 acre land (mainly agriculture land) in Dasanapura hobli of Bangalore north taluk. “Recently, I got nearly 14 acre of farm land converted into non-agriculture land. So, the value of the land shot up,” he said.

He owns a Maruti 800 car worth Rs 3.07 lakh, while his wife has a Honda CRV worth Rs 21 lakh. On the election, he said it is a big challenge for him. The JD(S) has a strong base in Bangalore rural. “Though the Congress too has fielded its candidate, I am confident of emerging victorious,” he stated.

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