We compared Congress MLA Byrathi Suresh’s affidavit filed in 2018, and his wife Padmavathi’s affidavit filed now.

 Byrathi Sureshs wife Padmavathis affidavit Couples wealth grows by 8 cr in 18 months
news Politics Sunday, November 17, 2019 - 19:48

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.

cash in hand246653549095-302442
loan given98152469.8100593737-2441267.2
residential property31910664628653731632569330
commercial property1316609630127929796037311670
non-agri land226287500022628750000
agri land1807000001807000000

In property, one commercial building in HMT Layout with built up area of 9400 sq ft bought in June 2019 costs Rs 3.7 crore. Another residential building bought in February in Ali Asker Road costs more than Rs 3.25 crore.

The addition in assets with jewellery, automobiles and deposits seem to have been cancelled by reduction in cash in hand and recovery/withdrawal of personal loans.

Incidentally Byrati who seemed to be accumulating the greater share of wealth among the couple. 

In January, he had made news after he had apparently lent his Mercedes car to former CM SIddaramaiah. The car was allegedly given as quid pro quo by Suresh as he had then got the post of chairman of the Karnataka State Small Industries Development Corporation.

SIddaramaiah, who was the chairman of the coordination committee between the JD(S) and Congress was touted to be the man to ensure that the chairmanship goes to Byrathi.

However, the Congress including several others claimed it was a non-issue. 

Speaking to TNM on Sunday, Byrathi  claimed, "It’s my car. It's the one I use to travel. It's registered under my wife's name. I did not gift it to Siddaramaiah. I only let him use it once. Is that wrong? Wouldn't you let your friends ride your car if they need to? It was not a gift. Please try to understand."

Then the BJP had  accused former Karnataka Chief Minister Siddaramaiah of accepting a 2019 Mercedes Benz sedan as a gift from Byrathi as a 

While for Nagaraj, 25.84% of the wealth gain can be attributed to six days in August  just a fortnight after he helped the fall of the Congress-JD(S) coalition government, it’s not easy to pinpoint such dramatic rise.

Incidentally Padmavati would be contesting against Nagaraj in the seat who has now been fielded by the BJP as earlier predicted.

Making the fight triangular, BJP’s Yuva Morcha secretary and former candidate from Hosakote will contest from the same seat as an independent. The JD(S) is poised to support him. Sharath is the son of veteran politician and Chikkaballapura MP BN Bachegowda, who defeated former Congress Chief Minister Veerappa Moily in the 2019 Lok Sabha elections.

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