BM Farooq is the richest among Rajya Sabha candidates

[email protected] (CD Network)
June 1, 2016

Mangaluru: Jun 1: Congress MLA BA Mohiuddin Bava's younger brother BM Farooq, who is contesting the Rajya Sabha elections on a JD(S) ticket, is the richest among the candidates who have filed their nominations so far.

bmfarooq1Mr Farooq's total assets are valued at around Rs 750.2 crore, as per the details available on the Karnataka legislature website. Farooq, who filed his nominations on Monday, holds Bachelor of Engineering (Mechanical) and Master of Business Administration degrees. He is the CMO of Fiza Developers and Infratech Pvt Ltd, and the owner of Mangaluru United cricket team.

The total value of immovable assets owned by him and his wife Fousia Farooq are worth Rs 688.14 crore.

He is a shareholder in 16 companies, where his shares are worth Rs 21.75 crore. His wife owns shares worth Rs 2.79 crore. Farooq has declared that his movable assets are valued at around Rs 68 crore.

He owns luxurious assets such as Rado, Rolex, Vangeneous, Cherooli watches, an iPhone, and jewellery worth Rs. 1.05 crore. He also owns a row of high-end cars, including Range Rover (Rs. 1.12 crore), Volkswagen Beetle (Rs. 21 lakh), and Toyota Camry (Rs. 24.14 lakh). All his cars bear the fancy registration number 5555.

B.M. Farooq — JD(S)

* Richest among five candidates who have filed nomination papers.

* Combined value of movable assets (including that of wife Fousia Farooq) — Rs. 750.2 cr.

* Immovable assets — Rs. 544.67 cr. (wife's Rs. 74.37 cr.).

* Liabilities — Rs. 87.06 cr. (wife's Rs. 65.4 cr.).

* Annual income — Rs. 3.38 cr. (wife's Rs. 59.94 cr.).

K.C. Ramamurthy — Congress

* Combined value of movable assets (including that of wife Sabitha Ramamurthy) — Rs. 82 cr.

* Retired IPS officer is chairman of CMR Group of Institutions.

* Total income is Rs. 68.13 lakh (wife's - Rs. 4.2 cr.).

* Movable assets — Rs. 21.06 cr.; immovable assets — Rs. 56.19 cr.

* Liabilities declared — Rs. 12.7 cr.

Oscar Fernandes — Congress

* Total income — Rs. 6.35 lakh (wife's income is Rs. 7.86 lakh).

* Value of movable assets in his and wife's name is Rs. 2.95 lakh. Liabilities — Rs. 5.04 cr.

Jairam Ramesh — Congress

* Movable assets — Rs. 5.79 cr.

* Rs. 25,000 in cash and drives a low-end car worth Rs. 4 lakh.

* Total income — Rs. 53.01 lakh, with movable assets worth Rs. 4.74 cr. in his name. His wife Jayashree K.R. has movable assets worth Rs. 8.93 lakh.

Also Read :

BM Farooq issue: Mohiuddin Bava will not betray Congress, says KPCC chief

CM takes on MLA Bava over BM Farooq contesting RS polls on JD(S) ticket

Comments

kris putnam
 - 
Saturday, 10 Mar 2018

wife (in Burka) earning 59 crore per annum WOW!

Kris Putnam
 - 
Saturday, 10 Mar 2018

Farooq's wifes annual income 59 crore (sitting in Burka at home) !! - how is that?

 

 

I will ask my wife to do that. can I get hat kind of income from my wife... Unless she (obviously he) is doing something else!

Mohammed Ali Kulai
 - 
Thursday, 2 Jun 2016

Wish you All the Best!!!

Mohammed Ali Kulai
 - 
Wednesday, 1 Jun 2016

Congrats !.....Wish u all the Best!!!

Sathish
 - 
Wednesday, 1 Jun 2016

Best of luck sir.
We are going to be employees of your company

SK
 - 
Wednesday, 1 Jun 2016

Good Fekugiri by the cunning and useless OSCAR

Nation First
 - 
Wednesday, 1 Jun 2016

A prominent member of a Chor family of Surathkal. Cheating is their family business.

Samad
 - 
Wednesday, 1 Jun 2016

please calculate his zakath, as its compulsory obligation in islam , and send the poor people, at his door step, its their rights! just in case if he do not pay zakath, then how can we expect he will work for poor?? once he gets elected..???

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coastaldigest.com news network
May 19,2020

Mangaluru, May 19: An Indian expatriate worker hailing from Karnataka’s Dakshina Kannada district, who was undergoing treatment for covid-19, passed away in Kuwait.

He is survived by his wife, a son, and a daughter. His family resides at Kashimath, Vittal in Bantwal taluk.

According to sources, he was unwell for past one month and had been diagnosed with covid-19 infection.

The last rites were conducted in Kuwait. Under the guidance of the priests of the local church, prayer and other last rituals were performed at his home in Bantwal.

He had visited this hometown last year for the wedding of his daughter, sources said.

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News Network
January 28,2020

Bengaluru, Jan 28: Brace for hefty traffic penalties as the state government is all set to reverse a notification on revised fines which came into effect last September following pushback from road users and opposition parties.

The Karnataka government will implement traffic penalties as stipulated in the amended Motor Vehicles Act, 2019, in a phased manner following a diktat from the Centre. The government did not specify the timeline for it.

“At a recent meeting of transport ministers from various states, the Union government explained why it wanted to implement these huge fines. We found it convincing and will implement it in its original form,” said transport minister Laxman Savadi on Monday.

Savadi said India’s image globally has taken a beating due to the high number of road deaths and the Centre wants to change it at any cost. However, he said the entire set of hefty fines would not be reintroduced all at once.

BJP govt revised rates in Sept

The BJP government last September had revised fines on compoundable offences and those which are fined on the spot by traffic cops by 50%- 80%, barring drunken driving and racing.

As per the revised rates, helmetless riding attracted a penalty of Rs 500 against Rs 1,000 notified by the Centre. Driving without a licence attracted a fine of Rs 1,000 for

two- and three-wheelers and Rs 2,000 for light motor vehicles as against the earlier Rs 5,000 for all types of vehicles.

The central government recently told states and Union Territories they should enforce fines as per the amended Act and they cannot be rolled back. The road transport and highways ministry said fines cannot be reduced below the minimum amount fixed by law, unless the President gives his assent.

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coastaldigest.com news network
July 28,2020

Mangaluru, July 28: A screenshot of a death threat message against IAS officer Sindhu B Rupesh, the deputy commissioner of Dakshina Kannada, is now going viral on social media.

The threat comes in the wake of the Deputy Commissioner’s warning against attack on cattle traders by anti-social elements ahead of Eid al-Adha. 

It is learnt that a discussion was held about DC’s warning in a pro-Hindutva WhatsApp group. The death threat was issued in the same group in Tulu language. 

A police officer said that if the deputy commissioner doesn’t lodge a complaint, the police will file a suo motu case in this regard.

Also Read: Sindhu B Rupesh transferred; Dr Rajendra K V is new DC of Dakshina Kannada

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