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

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


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.