Belagavi: Generally, the assets of politicians are known to soar. But the assets of Former Minister Ramesh Jarakiholi haa reduced by almost 60% compared to the 2018 polls.
Gokak MLA Ramesh Jarakiholi had been constantly in the news for the past three and a half years, be it toppling of JD (S)-Congress coalition Government, or sleaze CD scam or his political friction with MLA Laxmi Hebbalkar.
In the affidavit submitted to the Election Commission along with the nomination papers, Ramesh Jarakiholi has declared assets of his family as Rs. 49 Crore which includes the assets of his wife Jayashree and eldest son Amarnath. However, he had declared Rs. 122.79 Crore assets in 2018 elections, Rs. 57 Crore in 2013 and Rs..28 Crore in 2008 elections.
It can be noted that in the last five years, his asset has drastically reduced from Rs. 122.79 Crore to Rs. 49 Crore. In the affidavit, he has not shown the assets of another son Santosh, which had been shown in earlier affidavits.
This apart, the six-time MLA has shown Rs. 37 Crore liability that covers bank loans and government dues. His liabilities were Rs. 46.49 Crore in 2018, Rs. 28 Crore in 2013, and Rs. 63 Lakh in 2008.
He has declared the total moveable property of his family at Rs. 35 Crore, which consists of Rs. 15.96 Crore in his name, Rs. 9.29 Crore in the name of Jayashree, and Rs 10.21 Crore in the name of Amarnath.