Gurme Suresh Shetty, the BJP candidate for KOP and contesting for the first time, is worth around Rs 29.5 crore, of which Rs 10.12 crore is his movable property and Rs 19.37 crore is his immovable property.
In his affidavit declaring his personal particulars before the Returning Officer, Mr Shetty also stated that he has been accused of illegal iron ore transportation in two cases being probed by the Criminal Investigation Department and the Special Investigation Team. He is also accused of illegal iron ore mining registered by Sandur Forest Department. He has an outstanding loan of ₹1.49 crore from financial institutions.
Mr Shetty’s wife Vijaya S. Shetty’s net worth is ₹1.55 crore. His first son Saurabh S. Shetty has movable assets of ₹2.18 crore and immovable assets of ₹2.99 crore and has a debt of ₹99 lakh. All the three persons are entrepreneurs by profession.
In the neighboring Udupi constituency, Congress candidate and first-timer Prasadraj Kanchan has declared assets worth ₹28 crore, which includes movable assets worth ₹24.08 crore and immovable assets worth ₹4.23 crore. His wife has movable assets worth Rs 24.68 crore and movable assets worth Rs 3.96 crore. Mr. Kanchan has an outstanding loan of ₹ 6.16 crore. A case is going on against him under the Open Place Disfigurement Act. The couple is an entrepreneur by profession.