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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
January 18,2020

Mangaluru, Jan 18: The Dakshina Kannada District Karavali Utsava Samiti has chosen senior Journalist and Assistant Editor on Udayavani Daily Manohar Prasad for the Karavali Gaurava Prashasti 2019-20.

The award will be presented to Manohar Prasad in recognition of his contribution in the field of Journalism.

He will be given the award during the valedictory of the Karavali Utsav at Panambur beach on January 19.

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coastaldigest.com news network
May 5,2020

Mangaluru, May 5: Even as the coastal city entered third phase of lockdown to contain the spread of covid-19, a wild bison was spotted in Mangaluru today. 

According to sources, local residents at Hathill area and Mannagudda area spotted bison. It is not sure whether it was the same bison or two different bison.

Some reports claimed that it was spotted in Kudroli area too triggering panic among people. 

With the help of local residents and police, the forest officials managed to catch the bison around noon. 

It is assumed that the wild animal must have come to the city as there was less movement of people and vehicle due to lockdown for past few weeks.

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News Network
January 11,2020

Mysuru, Jan 11: Accusing the Congress and other opposition parties of pursuing “vote bank politics” on the Citizenship (Amendment ) Act (CAA), Kannada littérateur and Saraswathi Samman awardee S L Byrappa accused the party of misleading the people on the issue.

Speaking to media persons here on Friday, Mr Bhyrappa said that Congress was adopting the divide and rule policy of the British, who had created a rift between the Hindus and the Muslims to break their unity during the freedom struggle.

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