Chief Minister Basavaraj Somappa Bommai, a mechanical engineer by qualification, who filed his nomination papers from the Shiggaon Assembly constituency in Haveri district on Saturday, declared in the election affidavit that he and his family own assets worth ₹52.12 crore, which include property inherited from the Hindu Undivided Family (HUF).
Mr. Bommai owns moveable assets worth ₹5.98 crore, his wife, Channamma, owns moveable assets worth ₹1.14 crore and his dependent daughter Aditi Bommai owns moveable assets worth ₹1.28 crore — ₹8.4 crore in all. And from HUF he has inherited moveable assets worth ₹ 1.57 crore.
The Chief Minister owns immovable self-acquired assets with a purchase value of ₹3.52 crore and the current market value of the immovable property is ₹22.95 core. As the ‘karta’ (head) of the HUF, he has inherited immovable assets worth ₹19.2 crore.
Mr. Bommai owes ₹5.79 crore to various banks and financial institutions and his daughter has a loan of ₹15 lakh.
As per his income tax returns filed for 2021-22, he has a total annual income of ₹41.09 lakh and his wife has an income of ₹2.69 lakh. and his daughter has an income of ₹5.49 lakh. The annual income of the HUF is ₹52.06 lakh.
In 2018
During the 2018 Assembly elections, Mr. Bommai had declared family assets worth ₹8.92 crore and his liabilities were ₹4.99 crore.
In the present affidavit, Mr. Bommai has declared that he has inherited moveable and immovable assets worth ₹20.77 crore from the HUF.
Mr. Bommai has also declared that he purchased three acres of agricultural land at Tarihal on the outskirts of Hubballi for of ₹81 lakh on March 26, 2022. Mr. Bommai was sworn in as Chief Minister on July 28, 2021.
