The family assets — movable and immovable — of Deputy Chief Minister and Home Minister R. Ashok have almost doubled in the last five years from about Rs. 12.45 crore in 2008 to about Rs. 23.34 crore now.
Not only that, the annual income of the family increased from Rs. 12 lakh (as declared in an affidavit before the Lokayukta for 2008) to about Rs. 89 lakh (income shown as income in income tax return for 2012-2013). Interestingly, the annual income of Mr. Ashok in 2003-04 was Rs. 2.4 lakh as declared before the Lokayukta.
Bulk of the increase in the value of assets has been shown as the appreciation of market value for the immovable assets that the family owns. Realtors can take a cue from Mr. Ashok for their investments on land. For, the investments that he made on 6 land parcels in 2004 at Singapura village in Yelahanka hobli have virtually turned into a gold mine.
For example, a 2.17 acre bought for Rs. 5.83 lakh is now worth 1.98 crore, while 2.20 acres bought for Rs. 11.33 lakh is now worth Rs. 2.05 crore. Similarly the market value of another piece of land measuring 1.15 acres bought for Rs. 7.81 lakh is now Rs. 1.13 crore, the affidavit declared. The family’s liabilities stood at Rs. 1.99 crore.
The affidavit filed before the returning officer of the Padmanabha Nagar Assembly constituency also refers to a private complaint filed before the 23rd City Civil and Special Sessions Judge (with respect to the denotification of two parcels of land in Lottegollahalli). Incidentally, one of the controversial land parcels measuring 9 guntas that had found a mention in the 2008 election affidavit, does not feature in this affidavit since he has surrendered the land to the Bangalore Development Authority.
It also refers to a first information report filed by the Bangalore Metropolitan Task Force with respect to the illegal allotment of 8 acres of Bagair Hukum land in Somanhalli.