Press Release: Analysis of Assets Comparison of Re-Contesting MLAs in the Karnataka Assembly Election 2023

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May 6, 2023, 2:30:45 AM5/6/23

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Press Release

Date: May 6, 2023

Dear Friends,

Association for Democratic Reforms (ADR) and Karnataka Election Watch have analysed the self-sworn affidavits of 189 re-contesting MLAs in the Karnataka Assembly Election 2023. Out of the 189 re-contesting MLAs, assets of 168 MLAs (89%) have increased ranging from 1% to 1188% and assets of 21 MLAs (11%) have decreased ranging from -0.36% to -68%.

For the complete reports in Hindi and English, please go to: https://adrindia.org/content/analysis-assets-comparison-re-contesting-mlas-karnataka-assembly-election-2023

Summary of comparison for re-contesting MLAs

Average Assets in 2018 Elections: The average assets of these 189 re-contesting MLAs fielded by various parties including independents in 2018 was Rs 29.18 Crores.
Average Assets in 2023 Elections: The average asset of these 189 re-contesting MLAs in 2023 is Rs 48.59 Crores.
Average Asset growth in 5 years (2018-2023): The average asset growth for these 189 re- contesting MLAs, between the Karnataka Assembly Elections of 2018 and 2023 is Rs 19.41 Crores.
Percentage growth in 5 years (2018-2023): Average percentage growth in assets for these 189 re-contesting MLAs is 67%.

Top 5 Re-contesting MLAs with highest asset increase (Rupees- wise)

D K Shivkumar of INC from Kanakapura constituency has declared maximum increase in assets with an increase of Rs 573.78 Crores i.e from Rs 840.01 Crores in 2018 to Rs. 1413.80 Crores in 2023.

Assets of N.A.Haris of INC from Shantinagar constituency have increased by Rs 248.96 Crores, from Rs 190.24 Crores in 2018 to Rs 439.20 Crores in 2023.

Assets of Munirathna of BJP from Rajarajeshwarinagar constituency have risen by Rs 204.46 Crores, from Rs 89.13 Crores in 2018 to Rs 293.60 Crores in 2023.

The following table provides the asset details of top 5 re-contesting MLAs showing highest increase in assets (Rupee wise):

S.No.	Name	Source of Income (Self)	Source of Income (Spouse)	Party in Karnataka 2023	Party in Karnataka 2018	Constituency In Karnataka 2023	Constituency In Karnataka 2018	Assets in Karnataka 2023 (Rs.)	Assets in Karnataka 2018 (Rs.)	Assets Increase (Rs.)	% Increase Assets	Total Annual Income as per last return (Rs.)
1.	D K Shivakumar	Salary, Rent, Gains, Agriculture Income & Other Sources (Such as Bank Interest, Commission)	Rent, Capital Gains & Other Sources (Such as Bank Interest)	INC	INC	Kanakapura	Kanakapura	14,13,80,02,404 1413 Crore+	8,40,01,67,045 840 Crore+	5,73,78,35,359 573 Crore+	68%	14,37,40,866 14 Crore+
2.	N. A. Haris	Salary as MLA, Rental Income, Interest Income, Income from The Partnership Firms	Share of Agricultural Income, Interest Income	INC	INC	Shantinagar	Shantinagar	4,39,20,99,180 439 Crore+	1,90,24,86,142 190 Crore+	2,48,96,13,038 248 Crore+	131%	6,49,33,240 6 Crore+
3.	Munirathna	Business, Rental Income, Salary as MLA, Agriculture Income, Interest Income	Business, Rental Income, Interest Income	BJP	BJP	Rajarajeshwarinagar	Rajarajeshwarinagar : Bye Election On 03-11-2020	2,93,60,28,925 293 Crore+	89,13,47,877 89 Crore+	2,04,46,81,048 204 Crore+	229%	3,37,35,350 3 Crore+
4.	S.N. Subbareddy (ChinnakayalapallI)	Business, Agriculture, Salary & Allowance as Member of Legislative Assembly	Business	INC	INC	Bagepalli	Bagepalli	3,13,61,94,537 313 Crore+	1,57,57,19,617 157 Crore+	1,56,04,74,920 156 Crore+	99%	2,27,08,637 2 Crore+
5.	Deshpande Raghunath	Salary and allowances, Dividends, Investments, Rent	Rent, Dividends, Investment	INC	INC	Haliyal	Haliyal	3,63,21,13,405 363 Crore+	2,15,15,93,731 215 Crore+	1,48,05,19,674 148 Crore+	69%	6,50,54,210 6 Crore+

Table: Assets Comparison of top 5 re-contesting MLAs - rupees –wise

Average asset increase of re-contesting MLAs: Party-Wise

Following tables showcase the party wise assortment of the average increase in assets of the re-contesting MLAs:

S.No.	Party in 2023	Total Number of MLAs	Average Assets in Karnataka 2023 (in Rs)	Average Assets in Karnataka 2018 (in Rs)	Average Asset Increase (in Rs)	Average % Increase in Asset
1.	BJP	95	35,17,60,098 35 Crore+	20,77,28,989 20 Crore+	14,40,31,109 14 Crore+	69.34%
2.	INC	66	73,21,85,524 73 Crore+	43,65,12,305 43 Crore+	29,56,73,219 29 Crore+	67.74%
3.	JD(S)	26	36,68,58,925 36 Crore+	24,18,99,358 24 Crore+	12,49,59,567 12 Crore+	51.66%
4.	BSP	1	40,97,92,687 40 Crore+	20,16,95,000 20 Crore+	20,80,97,687 20 Crore+	103.17%
5.	Independent	1	14,80,36,524 14 Crore+	11,59,50,440 11 Crore+	3,20,86,084 3 Crore+	27.67%
GRAND TOTAL		189	48,59,13,307.87 48 Crore+	29,18,04,734.20 29 Crore+	19,41,08,573.66 19 Crore+	67%