Karnataka Energy Minister declares asserts over Rs. 600 crore


Bengaluru: Karnataka Energy Minister D K Shivakumar on Friday declared assets over Rs 600 crore in an affidavit filed along with his nomination for the May 12 assembly election in the state.

Total assets, movable and immovable of Shivakumar and his family that includes his wife and three dependent children are worth about Rs 840 crore as per the details provided in the affidavit. Movable assets under his name are worth Rs 70, 94, 84,974.32 while immovable assets of Rs 5,48,85,20,592, the total coming to Rs 6,19,80,05,566.32 as per the affidavit.

A powerful Vokkaliga leader, Shivakumar filed his nomination from the Kanakapura assembly constituency. Shivakumar has declared that he is as an educationist and social worker by profession and his wife a housewife and landlord.

The liabilities in the form of loans from banks and financial institutions are over Rs 101.77 crore. His wife, Usha has total assets worth over Rs. 112 crore. The minister also declared assets for his three children Aabharana, Aakash and Aisshwarya.

Shivakumar has one Toyota Qualis worth Rs. 8, 35,026 purchased in 2002 and jewelry, including a Rolex watch worth Rs. 1, 56, 84,014.

Shivakumar is under the I-T department radar following searches conducted at various properties linked to him on August 2 last year when he had hosted 44 Gujarat Congress MLAs at a resort on city outskirts to forestall alleged attempts by BJP to poach them ahead of the then Rajya Sabha polls there. The searches had kicked up a political row with the ruling Congress alleging misuse of the I-T department by the central government to target its leaders.

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