Karnataka polls: With assets over Rs 1,020-cr Priya Krishna is the richest candidate

coastaldigest.com news network
April 21, 2018

Bengaluru, Apr 21: This 34-year-old Congress candidate from Govindarajanagar in Bengaluru with assets worth over Rs 1,020 crore appears to be the richest candidate in the fray for May 12, 2018 Karnataka assembly polls.

The incumbent MLA of Govindarajanagar, Priya Krishna, son of Housing Minister M Krishnappa aka Layout Krishnappa was the richest candidate in 2013 too with the declared assets of Rs 910.9 crore. In five years he saw a growth of 11%.

Priya Krishna was first elected from Govindarajanagar in the 2009 bypoll. Most of the immoveable assets of this young politician are ‘gifted,’ as he mentions in the affidavit accompanying the nomination papers for the election.

N. Nagaraju, the Congress candidate from Hosakote, has more than doubled his wealth at Rs. 1,010 crore. In 2013, the businessman had declared Rs. 470.13 crore. D.K. Shivakumar, Energy Minister, may be the third richest candidate this time after reporting wealth of Rs. 841.372 crore now.

Comments

Mohan
 - 
Saturday, 21 Apr 2018

He proved he is a congress leader... a (Rahul) Gandhian

Ganesh
 - 
Saturday, 21 Apr 2018

Why these people entering into politics.. actually these people dont want to serve poor people. If they really wanted to help, then they might have been choose some other social services

Yogesh
 - 
Saturday, 21 Apr 2018

Agsin he wanted to raise his wealth thats why he chose congress. You people should learn from BJP leaders

Danish
 - 
Saturday, 21 Apr 2018

What about BM Farooq

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coastaldigest.com news network
June 23,2020

Mangaluru, Jun 23: An elderly person, who was undergoing treatment for covid-19 in Mangaluru, breathed his last on today. 

The victim, identified by number P-6282, was a 70-year-old man. He had returned from Bengaluru on June 7. 

He was suffering asthma and pneumonia. He had Severe Acute Respiratory Infection (SARI) symptoms and was hence admitted to the designated covid-19 hospital in Mangaluru on June 12. 

His condition continued to worsen and today he breathed his last, sources said.

With this the total number the deaths of covid-19 patients in Dakshina Kannada district mounted to 9.

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News Network
March 14,2020

Mangaluru, Mar14 (UNI) In view of prevailing Global situation, Coast Guard Karnataka took initiatives for creating awareness among the CG Personnel, Civilian Staff and Families on precautions so that the contagious Coronavirus be prevented.

For the benefit of CG personnel posters have been displayed at entrance and prominent places in office premises and residential areas including the CG KG School.

All CG Personnel and their families were advised to frequently wash their hands with sanitiser or soap and water at regular intervals. They are also requested to cover their nose and mouth with handkerchief or tissue while coughing or sneezing. It is advised to consult doctor if there is fever, difficulty in breathing, coughing, all being symptoms of Corona Virus.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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