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Updated: April 19, 2013 11:13 IST

Eshwarappa’s assets worth Rs. 4.8 crore

Staff Correspondent
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Deputy Chief Minister K.S. Eshwarappa. File photo
The Hindu Deputy Chief Minister K.S. Eshwarappa. File photo

Deputy Chief Minister K.S. Eshwarappa owns assets worth Rs. 4.8 crore, while his wife, Jayalakshmi, owns assets worth Rs. 2.47 crore.

During the 2008 Assembly elections, Mr. Eshwarappa had declared that the total value of the assets in his possession was Rs. 3.47 crore and his wife owned assets worth Rs. 68.33 lakh.

In the affidavit furnished along with the nomination papers, Mr. Eshwarappa declared that he has four cases pending in various courts in the State. He is facing a probe by the Lokayukta police in a disproportionate assets case. A case was booked against him under Sections 153(A), 295(A) and 298 of Indian Penal Code and under column 125 of Representation of People Act on charges of delivering an inflammatory speech at a programme held in the city recently.

Mr. Eshwarappa declared Rs. 1,58,22,833 as movable assets that includes Rs 50,000 cash, Rs. 42,06, 623 deposited in various banks, Rs. 99,16,210 invested in various companies and Rs. 10 lakh invested in insurance bonds. He has 300 gm gold and two kg silver, the total value of which is estimated to be Rs. 6.5 lakh.

His immovable assets valued at Rs. 3,22,50,000 include 1.31 acres of agriculture land in Nidige village valued at Rs 10 lakh, a house at S.P.M. Road in the city valued at Rs 20 lakh. The present approximate market value of the non-agriculture land he owns is Rs. 67,50,000. He has joint claims along with his son over a commercial building in the city valued at Rs 1 crore and a residential building in Bangalore valued at Rs 75 lakh. He jointly owns a residential building with his wife in the city valued at Rs 50 lakh. Ms. Jayalakshmi owns Rs. 1,84,96,128 as movable assets, including Rs. 30,000 cash in hand and Rs. 1,73,39,522 invested in various companies. She owns 500 gm gold and 5 kg silver the total value of which is Rs 11.25 lakh.

She has joint claim with her husband over non-agriculture land and a residential building in the city.

Mr. Eshwarappa declared that he borrowed Rs. 74,41,073 as loan from various sources while the financial liabilities of his wife stood at Rs. 68,52,694.

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