Shivakumar’s assets increase 200% over 5 yrs

Shivakumar’s assets increase 200% over 5 yrs

DK Shivakumar

He’s the country’s second richest minister and no wonder, he made news when the I-T department raided his premises last year.

With assets of Rs 840 crore declared in the affidavit submitted to the election officer on Thursday, Energy Minister D K Shivakumar among the wealthiest in the fray this election. 

The Congress heavyweight had declared assets of Rs 251 crore during the 2013 elections. The appreciation in the value of non-agriculture land owned by him in Bengaluru and Mysuru has shot up the value of his assets.

The minister himself owns properties worth Rs 619.8 crore. Shivakumar has also included assets inherited by him this time around.

He has given out loans to the tune of 62.47 crores to individuals and organisations including Rs 22 crore to his mother and Rs 11.32 crore to his daughter.

Apartments owned by him and his partnership in housing project have also been included this time.

Shivakumar has added 1.066 kg of gold and 321 gram of diamond (worth Rs 1.26 crore) to the 6.9 kg of gold owned by his family in 2013.

The Shivakumar family has taken loans of Rs 228 crore from various sources.

His daughter Aishwarya has purchased a mall spread over 2.23 lakh square feet at Bellandur in Bengaluru. She has to repay a bank loan of Rs 39.82 crore taken for it.

Anand Singh’s assets

The family of Anand Singh, the Congress candidate from Vijayanagar constituency, has assets worth Rs 125 crore in total. Congress leader L Siddanagouda submitted Singh’s nomination papers, as a proposer, to the election officer in Hosapete on Thursday. Singh has to appear and take an oath before the election officer before April 24. His nomination papers will be rejected if he does not do so.

Singh has movable assets worth Rs 25.91 crore and immovable assets worth Rs 45 crore in his name.

His wife Lakshmi has immovable and movable assets worth Rs 12 crore and Rs 28 crore, respectively. The other assets are in the names of his children Vaishnavi, Siddarth and Yashasvi.

He has commercial complexes worth Rs 26.16 crore in Bengaluru, while his wife’s residential complexes are worth Rs 27.29 crore in the state capital. She has borrowed a loan of Rs 9.58 crore from different banks. Singh has 18 cars, including Range Rover, Benz, Volvo and BMW.

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