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Monday, May 7, 2018

2018 Karnataka Assembly Elections May 12,2018 - 883 crorepatis are in the fray

It appears that 883 of the 2,560 candidates, whose affidavits were analysed by the ADR and the Karnataka Election Watch, are crorepatis.

Nearly 18% (447 candidates) had declared assets of ₹5 crore and more, nearly 10% (252) owned assets ranging from ₹2 crore to ₹5 crore, nearly 17% candidates (442) had assets of ₹50 lakh to ₹2 crore.

The average asset per candidate was ₹7.54 crore

The top-three candidates with the highest assets are -
  1. Priya Krishna of the Congress (₹1,020 crore) who is contesting from Govindarajanagar
  2. N. Nagaraju of the Congress (₹1,015 crore) who is contesting from Hosakote and 
  3. D.K. Shivakumar of the Congress (₹840 crore) who is contesting from Kanakapura. 

Interestingly, Mr. Priya Krishna and Mr. Shivakumar, according to their affidavits, also have the highest liabilities of ₹802 crore and ₹228 crore respectively. 

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