Assembly Poll; Many multimillionaires in fray; Pramod Madhwaraj is the richest in Karavali Karnataka

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Crorepathis file papers in DK, Udupi


Pramod  Madhvaraj & Krishna Palemar are in multi-crore rich brigade in the Karavali Region

Mangalore, April 15, 2013, DHNS:

Money power; Former Minister and BJP candidate from Mangalore North Krishna Palemar is the richest candidate to have filed nomination so far in Dakshina Kannada district.
The high-profile real estate dealer, builder and entrepreneur, in his affidavit filed along with the nomination papers on Monday, has declared that he owns movable property worth Rs 37.61 crore, as against Rs 10.98 crore declared while contesting the Assembly election in 2008. According to the affidavit, his movable property includes bank deposits of Rs 25.70 lakh, bonds and shares of Rs 11.37 lakh, savings and investments of Rs 3.75 crore, loans of Rs 11.26 crore, gold worth Rs 10.81 lakh, other assets worth Rs 21.56 crore and cash in hand of Rs 1 lakh.
His other assets are capital investments in business firms like Karavali Housing, Priyanka Enterprises and Prasanna Developers. While his wife Shashikala J, possesses jewellery worth Rs 25.33 lakh and other households worth Rs 50 lakh.Palemar and his wife jointly own immovable property having the current market price of Rs 27.65 crore, as against Rs 10.42 crore five years ago. Thus the grand total of his movable and immovable assets is Rs 53.06 crore, while it was Rs 21 crore during the last election.He is also the owner of some of the high-end vehicles, including Prado (Rs 47 lakh), Lancer (Rs 15 lakh) and Bolero. Palemar also owns a revolver for self-protection which is worth Rs 75,000.Change in movable property
Yogish Bhat, a four time MLA from Mangalore South constituency, had movable property worth Rs 11,78,716 and his wife had property worth Rs three lakh during 2008. It has increased to Rs 28,40,046 in his name and Rs 10,26,000 in his wife’s name.Immovable property remains the same with an apartment, and a house in Mangalore, two sites— one in Mangalore and another at HSR layout in Bangalore.
The movable property includes Rs 2,14,000 cash in his hand and Rs 6,000 cash in his wife’s hand. It was Rs 3.18 lakh in 2008. He has bank deposits of Rs 4,46,046 (Rs 60,716 in 2008), mutual funds worth Rs one lakh, Rs one lakh insurance cover from LIC and another Rs 1.5 lakh from ICICI . He has invested Rs 14.2 lakh on business and his wife has invested Rs 5.2 lakh in business by availing loans. He owns a van worth Rs 80,000 and another SUV worth Rs three lakh. Bhat owns jewellery worth Rs 50,000 (Rs 20,000 in 2008) and his wife owns gold jewellery valued at Rs five lakh (Rs three lakh).The self purchased immovable property is worth Rs 1.39 crore. He owns inherited property worth Rs 1.65 lakh. He owns agriculture land worth Rs 10 lakh and non agriculture land worth Rs 7.5 lakh at Matadakani in Mangalore and Rs 8 lakh worth land in HSR Layout in Bangalore. The present value of these assets are worth Rs 32 lakh and Rs 80 lakh respectively.He owns a 520 sq ft apartment at Karangalpady. The present market value of the apartment is Rs 16 lakh. He owns 1,800 sq ft house in five cents land at Kodialbail and the market value is worth Rs 54 lakh.
J R Lobo; On the other hand, J R Lobo, a bureaucrat-turned-politician owns, movable property worth Rs 56,71,109 and his wife owns property worth Rs 22,39,686. He does not own a vehicle. He possesses jewellery worth Rs 18,575 and his wife possesses jewellery worth Rs 9.27 lakh.He owns immovable property worth Rs 24 lakh and his wife owns property worth Rs 2,04,62,500. The self acquired property by Lobo is worth Rs 76,71,107 and his wife’s is worth Rs 98,71,765. He has inherited property worth Rs four lakh and his wife has inherited property worth Rs 1.11 crore.
Richest man in Udupi Pramod Madhwaraj, Congress candidate from Udupi constituency, owns Rs 86 crore worth movable property and Rs 11 crore worth immovable property. His wife Supriya owns movable property worth Rs 11,12,95,667 and daughter owns property worth Rs 3,20,000.
Mother Manorama Madhwaraj has movable property worth Rs 42,24,874.The total movable property is worth Rs 97,20,09,679. He owns immovable property worth 10,88,67,726 and his wife owns property worth 95,17,500. He has also availed loan of Rs 43.98 crore and his mother has availed loan of Rs 85,32,016.
Udupi constituency BJP candidate B Sudhakar Shetty owns movable property worth Rs 16,56,331. His wife Arundathi Shetty has property worth Rs 57,16,500. He owns immovable property worth Rs 50 lakh and has availed Rs five lakh loan from banks.His children have availed Rs 13 lakh and Rs 25 lakh loans respectively.

Many multimillionaires in fray


Yeddyurappa declares assets worth Rs. 5.9 cr.; Javarayi Gowda is richest while Pramod Madhwaraj of Udupi seems t0 be richest in Karavali regin atleast!!

The assets declared by political leaders as part of their affidavits, accompanying their nominations filed across the State on Monday, showed that there are several crorepatis in fray for the May 5 Assembly polls.

The Bharatiya Janata Party (BJP), Janata Dal (Secular) and Indian National Congress all have ultra-rich candidates contesting.

T.N. Javarayi Gowda filing nomination from Yeshwantpur, is richer than his party president H.D. Kumaraswamy. While Mr. Gowda’s assets are worth over Rs. 150 crore, that of Mr. Kumarasway and his wife Anitha Kumaraswamy, who are contesting from Ramanagaram and Channapatna, respectively, are together worth Rs. 123 crore.

Tourism Minister Anand Singh’s total assets of over 104 crore, includes a battery of 25 vehicles including Bentleys, Mercedes Benzes and Tatra trucks, the latter explained by the fact that the 47-year-old is also the owner of multiple mines in Bellary district. Mr. Singh happens also to be an editor of a newspaper, Ananda Karnataka Daily, and is again testing his luck from Vijayanagara constituency in Bellary district on BJP ticket. Industries Minister Murugesh Nirani is worth over Rs. 28 crore while Agriculture Minister Umesh Katti’s total assets are worth over Rs. 14 crore.

Congress treasurer Shamanur Shivashankarappa is financially stronger than (Rs. 67.89 crore) Karnataka Pradesh Congress Committee president G. Parameshwara, whose total declared worth is about Rs. 3.87 crore. Congress has also fielded Byrati Basavaraju, councillor of Bruhat Bangalore Mahanagara Palike from Hoodi ward, to contest from K.R. Puram constituency whose total worth is over Rs. 26 crore.

On the other hand, the former Chief Minister B.S. Yeddyurappa is worth about Rs. 5.9 crore, according to his official declaration, and has grown richer by about Rs. 3 crore since 2008 Assembly elections.

Mudigere BJP candidate and sitting MLA M.P. Kumaraswamy’s status from ‘single’ in the 2008 affidavit has changed to ‘married’ in the present affidavit after this ‘most eligible bachelor’ got married to an assistant engineer in minor irrigation department. His assets grown by 13 times since 2008, from about Rs. 12 lakh to about Rs. 1.65 crore.

He is a Software Engineer from Moodbidri currently living in Kuwait. He likes to travel and post interesting things about technology. He is the designer of Kannadigaworld.com. You may follow him on FB at fb.com/alanpaladka

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