Thursday, May 08, 2008

The richest Karntaka political candidate

Prasad Reddy, BJP, BTM Layout constituency:
Total value: Rs 313 crore

He has cash of Rs 12,38,000 in his name. He has declared Rs 27,52,165 as his bank balance which he jointly holds with his wife. Apart from this he has deposits of Rs 36,21,730 spread over 12 different accounts.

Prasad Reddy also says in his affidavit that he has 14 cars worth Rs 1.03 crore and has jewels estimated at Rs 9 17,250. He has silver articles worth Rs 12,31,000 while his wife owns 3.1 kg of gold jewellery estimated to be worth Rs 37,91,300.

He has non-agriculture land worth Rs 143.62 crore while he has a share in two commercial buildings which are estimated at Rs 142.02 crore. This includes a house which is under construction at a site in Bommanahalli which is spread over 452,094 sq ft. He also owns apartments at Koramangala worth Rs 14.77 crore while his wife has property worth Rs 54.10 crore. He also owns a farm house jointly with his wife which is estimated at Rs 60 lakh.

The candidate says he has loans in his wife's name worth Rs 18 crore in various bank

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