Shivamogga MP and BJP candidate B.Y. Raghavendra has assets worth over ₹55.85 crore

The total value of assets that Raghavendra owns has come down by nearly ₹3 crore against his affidavit filed during the previous election in 2019.

Shivamogga Lok Sabha member B.Y. Raghavendra, who is seeking re-election to parliament on the BJP ticket, filed his nomination papers in Shivamogga on April 18. | Photo Credit: Special Arrangement

Shivamogga Lok Sabha member B.Y. Raghavendra owns assets and valuables worth over ₹55.85 crore, according to the affidavit he submitted along with the nomination papers.

The value of his assets has come down by ₹3 crore, compared to his affidavit on assets and liabilities filed during the previous elections held in 2019. The previous affidavit showed that he possessed assets worth ₹58.85 crore. However, the value of assets owned by his wife Tejaswini R has gone up by nearly ₹9 crore. As per the previous affidavit, she owned properties worth over ₹8.49 crore. The latest affidavit shows that she has assets worth over ₹17.86 crore.

Residential buildings and new house

The couple has residential buildings in Melarakeri, Shikaripur, Vinoba Nagar, Shivamogga and Bengaluru. Raghavendra’s wife, Tejaswini, bought a house in Shivamooga in 2020, and its current market value is around ₹6.19 crore. Tejaswini owes a loan of ₹5.49 crore to her husband, Raghavendra.

Raghavendra has got gold, diamonds, silver, and precious stones worth ₹98 lakh. His wife has jewellery worth over ₹1.13 crore. Raghavendra has two cars, an Ambassador of the 1988 model and a Toyota Fortuner of 2018, besides a tractor. He has offered personal loans/advances to Fluid Power Technologies, Davalagiri Property Developers, Sahyadri Healthcare Diagonstics, Bhagath Homes Pvt Ltd, Jansi Automotive Pvt Ltd, his brother Vijayendra, his two sons, his wife, and others.

Mr. Raghavendra studied BBM at Kuvempu University.