Minister MTB Nagaraj Declares Assets Worth Rs 1,609 Crore

Karnataka is gearing up for its Assembly elections scheduled for May 10. Candidates of assorted political events have been submitting nominations and affidavits of their web value. Meanwhile, Karnataka’s Minister of Small Scale Industries and Municipal Administration N Nagaraj aka MTB Nagaraj has grabbed the headlines due to the huge wealth he declared. He introduced his candidature from the Hosakote Assembly seat in Bengaluru on Monday. He disclosed property totalling Rs 1,609 crore, which confirmed that his wealth has elevated by Rs 390 crore from 2020.

Several candidates have property value greater than Rs 50 crore. While former chief minister HD Kumaraswamy’s property are value greater than Rs 181 crore, and the property of his actor son Nikhil Kumaraswamy are value greater than Rs 76 crore. Minister Munirathna Naidu, who’s contesting from the Rajarajeshwari Nagar constituency, has declared property value Rs 293 crore.

However, it’s reported that Nagaraj is a farmer and a businessman, whereas his spouse, M Shantakumar, is a homemaker. He declared that the worth of his movable property is Rs 536 crore, whereas his immovable property are value Rs 1073 crore.

When he submitted his nomination for the Vidhan Parishad elections in 2020, he and his spouse collectively listed property totalling Rs 1,220 crore. This signifies that his web value elevated by about Rs 390 crore over the past three years. He has said that he has a legal responsibility of Rs 98 crores. MTB Nagaraj declared that his supply of earnings is agriculture, his paternal property and enterprise.

In his election declarations, MTB Nagaraj claims to have Rs 64,89,302 in money and his spouse has Rs 34,29,445 in money. They have mounted deposits value Rs 33,08,01,765 and in financial savings accounts have Rs 20,12,31,011. His spouse owns mounted deposits totalling Rs 19,95,000 and Rs 6,16,47,987.

In 2018, MTB Nagaraj received the Karnataka Assembly Elections from the Hosakote seat. He give up Congress the very subsequent yr. Later, he misplaced to an unbiased candidate, Sharath Gowda within the by-polls. Nagaraj joined the Bharatiya Janata Party (BJP) in 2020. This time, the 2 will probably be contesting in opposition to one another but once more.

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