I am not money bag of JD(S), says BM Farooq who owns assets worth Rs 778 crore

coastaldigest.com news network
March 10, 2018

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

Mangaluru-origin Farooq has total assets worth a whopping Rs 778 crores, including those owned by his wife.

However, Farooq says that he’s not the 'money bag' of JD(S). "The 'money bag' tag has been given to me by the media. I am a dedicated worker of the party who wants to see H D Kumaraswamy emerge as the chief minister," says Farooq, who was made chief general secretary of the party after his defeat in Rajya Sabha polls two years ago.

As per the affidavit of assets and liabilities filed by Farooq along with his nomination papers filed on Friday for the upcoming Rajya Sabha polls, his movable assets are worth Rs 87.27 crore; his immovable assets are valued at Rs 591.3 crore. He has declared that his wife's movable assets are worth Rs 9.11 crore and immovable assets worth Rs 91.23 crore.

In 2016, when Farooq contested and lost Rajya Sabha polls for the first time, his total assets were valued at around Rs 750.2 crore.

Bachelor of Engineering (Mechanical) and Master of Business Administration degrees. He is the CMO of Fiza Developers and Infrastructure Pvt Ltd.

Farooq possess automobiles including cars, aircrafts, yachts and ships. While he owns jewellery/bullion worth Rs 1.64 crore; his wife owns jewellery/bullion worth Rs 2.12 crore. He has declared other assets worth Rs 2.57 crore. His liabilities stand at Rs 121.46 crore.

Comments

Sandesh
 - 
Saturday, 10 Mar 2018

Enchina maraya.. still you want more

Yogesh
 - 
Saturday, 10 Mar 2018

I dont think so you are a true muslim follower. I believe you earned elephant part of your asset in illegal way.

Ganesh
 - 
Saturday, 10 Mar 2018

True.. His money for him.. Not for JDS

Mohidin
 - 
Saturday, 10 Mar 2018

Sir, you are not a Money bag of JD(S) but you are with a bag of money for them

Sadashive
 - 
Saturday, 10 Mar 2018

Farooq bhai. Onji koti inchi korle...please please please... Aath maatha daaye eereg...

abbu
 - 
Saturday, 10 Mar 2018

2016 - 750 crore and now 778 crore.. Only 28 crore increased from his assests in 2 years...... Not like feku's friends assets which is increasing 500% in one years..... Mr. Farooq is a well-known business man and as per above assets development it clearly shows his assets is loyal and not like feku and feku's friends..... 

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News Network
February 25,2020

Bengaluru, Feb 25: Infosys is all set to announce a cyber defence centre in Indianapolis to complement its technology and innovation centre inaugurated early last year.

This will be Infosys' seventh global cyber defence centre. According to its recent cybersecurity report titled 'Assuring Digital Trust,' 83 per cent of executives view cybersecurity as critical, yet 67 per cent are still struggling to have security embedded.

The cyber defence centre will provide end-to-end, real-time, 24x7 cyber security monitoring and protection services to support and guide American businesses in their digital transformation journey, it said.

The facility is dedicated and organised to prevent, detect, assess and respond to cybersecurity threats and breaches.

Client environment will be monitored round the clock, adopting a follow-the-sun model to deliver services like 24x7 security monitoring, management and remediation, threat hunting, security analytics, incident discovery and response, compliance reporting and malware analysis.

Vishal Salvi, Chief Information Security Officer and Head of Cyber Security Practice at Infosys, said the cyber defence centre is staffed with expert security analysts with niche skills around threat research and intelligence gathering to deliver best-in-class services to customers.

"Additionally, advanced data analytics and machine learning models are deployed to detect zero-day threats by unknown threat actors. This supports our commitment to helping our customers build a resilient cybersecurity programme that operates at scale while increasing operational efficiency and reducing costs," he said in a statement.

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News Network
July 5,2020

Bengaluru, Jul 5: Karnataka Chief Minister BS Yediyurappa has announced an ex-gratia of Rs 5 lakh each for the families of a youth and a child, who died due to a landslide at Gurupura in Mangaluru.

"The Chief Minister announces Rs 5 lakh each compensation to Safwan (17) and Shehla (10) who died due to landslide at Gurupura, Mangaluru. Houses will also be built for people who lost houses at Bodanthilla, Dakshina Kannada," an official said.

The incident occurred on Sunday afternoon.
The State Disaster Management Authority said that 57 people and 262 animals lost their lives in flood, rainfall and lightning-related incidents in Karnataka between April 1, 2020, and July 5, 2020. 

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News Network
January 9,2020

Mangaluru, Jan 9: Customs officials seized 1.575 kg gold, worth about, Rs 63 lakh from three passengers who arrived from Dubai here at Mangalore International Airport on Thursday.

Official sources said that in the first incident, three days back gold weighing 336.7 grams was found in possession of an inbound air passenger. The passenger who arrived by Air India flight from Dubai had concealed the gold in his socks. The value of the seized gold is estimated to be Rs 13.43 lakh.

In the other two instances that took place on January 7, gold weighing 1239 gram and worth about Rs 50.3 lakh was confiscated from two passengers who arrived from Dubai by Air India flight. One of the passengers had attempted to smuggle 523 gram gold in paste form.

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