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DVS says all his dealings are transparent; refutes allegations of ‘illegal assets’

DVS says all his dealings are transparent; refutes allegations of ‘illegal assets’


Mangalore Today News Network

Mangalore, Oct 26, 2014: Union Railway Minister D.V. Sadananda Gowda has rubbished all allegations regarding the ‘doubling’ of his wealth  after he took charge as a Union Minister.

Speaking to reporters at his residence at Lower Bendur in the city on October 26, Sunday, in the wake of reports that he has illegal assets,  the Union Minister said whatever wealth he had was accounted and  his increase of wealth  was not  through illegal  but  through legitimate means.

 

DV Sadananda gowda in his mangalore house

 

DV Sadananda gowda in his mangalore house

 

DV Sadananda gowda in his mangalore house

 

Here it is worth mentioning that the Association for Democratic Reforms (ADR) and National Election Watch (NEW) had recently claimed that DVS was the only Union Minister whose assets had doubled when compared to the declarations made during the Lok Sabha elections and the declaration sent to the PMO office recently.As per the records Gowda’s assets had increased from Rs 9.88 crore to Rs 20.35 crore.

Stating that he was deeply hurt by the allegations, the minister said “The increase in wealth was owing to a loan amount sanctioned by the Federal Bank after the elections. I had applied the loan well before the elections.”

The Minister said he had approached the Federal Bank  in September last year for  loan to buy a  property and that the loan of Rs 8 crore was sanctioned  in November 2013. Apart from that Rs 2 crore  was received as advance from tenants as rent. The Minister said due to his busy schedule  he failed to meet his tenants M/s Ramaiah Foundation in Bangalore and the dealing was postponed. It was on May 23, 2014 that the loan  was granted.

The minister said he was in possession of all documents and will also make available the rental agreement and other documents soon.

He also clarified that all his dealings have been transparent and that he had never misused  funds.


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