Karnataka elections to see cash flow of Rs. 7,000 cr. | Association for Democratic Reforms

Source

India Tribune

http://www.indiatribune.com/index.php?option=com_content&view=article&id=10930%3Akarnataka-elections-to-see-cash-flow-of-rs-7000-cr&catid=122%3Apolitics&Itemid=488

Date

04/30/2013 - 12:00

City

BANGALORE

Bangalor: The May 5 assembly elections will see cash flow of Rs. 6,000-7,000 crore, according to Association of Democratic Reforms (ADR) and Karnataka Election Watch (KEW), organization working on electoral reforms.

“The assembly elections in Uttar Pradesh in 2012 saw flow of Rs. 10,000 crore black money. Karnataka is slowly catching up. This trend is not good for democracy,’’ Trilochan Sastry, Harish Narasappa. Kathyaini Chamaraj and Vasudeva-murthy of KEW told reporters.

The study conducted by the organization on 24 Ministers has shown that the average assets of these Ministers was Rs. 91 lakh. “The growth in average asset per Minister was 665 percent from 2004 to 2008. Of the 24 analyzed 18 or 75 percent cabinet Ministers. are crorepatis,” they said.