Sunday, February 6, 2011

At last Yeddyurappa revealed his assets on Sunday !


B S Yeddyurappa declares assets; cash reserves up by Rs 25 Lakhs since 2008

                      B S Yeddyurappa under attack from opposition parties for alleged land scams, has declared that he did not buy land in Bangalore after he became the chief minister in 2008. Facing a flurry of allegations pertaining to the land and wealth he and his family members had amassed during the two-and-a-half years he had been in power, Chief Minister B.S. Yeddyurappa on Sunday made a determined bid to counter the charges by making details of his assets public. 
            
                  According to the statement released to the media, Mr Yeddyurappa has no bank accounts in Swiss banks or any other tax havens, or liabilities. He has Rs 33.43 lakh in cash; miscellaneous assets worth Rs 10.45 lakh; two cars; 2.59 kg of gold (worth Rs 5.3 lakh); 76 kg of silver (Rs 33.7 lakh); 4 agricultural properties in an extent of 18.23 acres in Shikaripura; 4 sites and two houses in Shikaripura; a house in Bengaluru; 9.12 acres of industrial land; 320 shares; two life insurance policies worth Rs 1.7 lakh.
              
                   According to the 2008 affidavit, its value is Rs 97 lakh. The only land deal during his tenure is the conversion of 9.12 acres agricultural land in Shiralakoppa in Shimoga's Shikaripur taluk, into land for industrial use. This land was purchased in January 2007. Two cars he owned when he became CM, were sold recently, fetching him more than Rs 2.37 lakh. And he has no liabilities. The sudden declaration of assets is the result of a fallout of a directive from BJP heads to its ministers and opposition leaders to do so
                
              
                  The Chief Minister had made this declaration of his assets as on January 31 to BJP national president Nitin Gadkari on February 5 on the insistence of senior leader L.K. Advani, after a series of corruption charges were levelled against him. According to the allegations made by Opposition leaders, Mr Yeddyurappa owned assets worth Rs 1,000 crore.

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