D K Shivakumar declares total assets of Rs 840 crore, a staggering jump from Rs 251 crore in 2013

In his 87-page affidavit, the minister said he had moveable assets of Rs. 70 crore and immovable assets of Rs. 548 crore.

Published: 19th April 2018 11:09 PM  |   Last Updated: 19th April 2018 11:09 PM   |  A+A-

Karnataka Energy Minister D K Shivakumar

By Express News Service

BENGALURU: Energy minister D K Shivakumar, who filed his nomination on Thursday from the Kanakapura constituency, has shown a staggering rise in his assets. A powerful Vokkaliga leader, Shivakumar declared total assets, including his and his family members, of around Rs 840 crore. In the 2013 assembly elections, he had reported assets of Rs. 251 crore for his family. This means that in the past five years, he has acquired assets of around Rs. 600 crore.

In his 87-page affidavit, the minister said he had moveable assets of Rs. 70 crore and immovable assets of Rs. 548 crore. In 2013, his moveable assets stood at Rs. 46 crore while his immovable assets were worth Rs. 169 crore.

Total liabilities for his family stand at around Rs 220 crore while his daughter Aishwarya's liabilities are Rs. 81 crore and assets at Rs. 107 crore.

Shivakumar is under the I-T department radar following searches at various properties linked to him on August 2 last year when he had hosted 44 Gujarat Congress MLAs at a resort on the city outskirts to forestall BJP's alleged poaching attempts ahead of the Rajya Sabha polls there.

On Thursday, BJP's chief ministerial candidate B S Yeddyurappa filed his papers from Shikaripura constituency. Interestingly, while Yeddyurappa had declared assets worth around Rs. 6 crore in the 2014 general elections which he contested, this year, his assets value seems to have dropped to around Rs. 5.5 crore.

Another candidate, K Manjegowda, a former government servant contesting on a Congress ticket from Holenarsipura, filed his nomination and declared assets worth Rs. 12.3 crore. Manjegowda, who opted for voluntary retirement, has a disproportionate assets case pending against him.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp