Top Karnataka Congress Leader DK Shivakumar Has Total Declared Wealth of Rs 840 crore

Karnataka Energy Minister D K Shivakumar, who had organised the stay of 43 Congress MLAs from Gujarat in a plush Bengaluru resort ahead of the Rajya Sabha elections last year, has reported total wealth of Rs 840 crore, a whopping 234% increase in wealth of Rs 589 crore since the 2013 assembly polls. Another Congress MLA Nagaraju has declared total wealth of Rs 907 crore.

The five-year spike was recorded in the affidavit filed by Shivakumar while filing his nomination Thursday for the Kanakapura constituency near Bengaluru for the assembly elections on May 12. It’s one of the biggest declarations from the over 100 candidates who have filed their nominations so far since April 17.

The 55-year-old, who aspires to be chief minister, declared a total wealth of Rs 840 crore in his 94-page affidavit, up from Rs 251 crore in 2013 and Rs 75 crore in 2008.

Seen as a protege of former Karnataka chief minister S M Krishna, Shivakumar is heading the party’s campaign committee for the assembly polls.

Last year, properties linked to Shivakumar and his associates were searched twice by Income Tax officials, after he put up the Gujarat MLAs at The Eagleton Golf Resort to prevent them from being ‘poached’ by the BJP and ensure that they voted for Congress leader Ahmed Patel.

Tax officials later claimed to have unearthed over Rs 300 crore of undisclosed income from the senior leader and associates.

Shivakumar has interests across various sectors, including granite exports, real estate, education and cable television through a network of companies run by him and his family members. He also owns large tracts of land around Bengaluru and on its outskirts near Kanakapura.

Congress MLAs – DK Shivakumar and MTB Nagaraju

Another Congress MLA MTB Nagaraju from Hosakote constituency and his wife have declared assets worth Rs 907 – almost doubling their fortune in just 4 years.

Nagaraju declared that he is an agriculturalist and a businessman, whose income sources are agriculture, house property, business and other sources. His wife Shanthakumari is a housewife, who earns revenue from house property and other sources.

In February 2017, the I-T department had conducted a raid at Nagaraju’s residence in Mahadevpura in Bengaluru. During the raid, the I-T sleuths claimed that he had undeclared income worth Rs 120 crore.

According to sources, Nagaraju had back then admitted to not disclosing income worth Rs 120 crore. The case under Representation of People Act (Sections 131 and 133) is currently pending.

We hope Rahul Gandhi offers to share the ‘secret’ behind this booming success of Congress leaders in Karnataka, at a time when he claims that the entire country is in doldrums and utter chaos?


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