Congress’s candidate for the Hosakote bye-poll in Karnataka, Padmavathi, filed her affidavit on Sunday. Padmavathi is married to sitting Congress MLA Byrathi Suresh from Hebbal, and this is her first election. The couple’s wealth has grown by just short of Rs 8 crore in the last 18 months.
According to Election Commission rules, a candidate has to declare not just their own assets, but also those of their spouse. The sum of all the assets (moveable and unmoveable) owned by Padmavathi and her real estate tycoon husband Byrathi Suresh amount to a little over Rs 425.5 crore. The affidavit filed by the Hebbal MLA in 2018 had said their assets were worth Rs 416.7 crore.
The couple bought two new cars in 2019, including a Mercedes Benz and a Mahindra SUV, both costing little less than Rs 1.2 crore in total.
| Heads | 2019 | 2018 | DIFFERENCE |
|---|---|---|---|
| cash in hand | 246653 | 549095 | -302442 |
| deposits | 9126158.41 | 8169929 | 956229.41 |
| investments | 10719600 | 10719600 | 0 |
| loan given | 98152469.8 | 100593737 | -2441267.2 |
| cars | 31386111 | 25910472 | 5475639 |
| jewellery | 16720800 | 12584800 | 4136000 |
| residential property | 319106646 | 286537316 | 32569330 |
| commercial property | 1316609630 | 1279297960 | 37311670 |
| non-agri land | 2262875000 | 2262875000 | 0 |
| agri land | 180700000 | 180700000 | 0 |
| 4245643068 | 4167937909 | 77705159.21 |