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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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coastaldigest.com web desk
June 5,2020

Mangaluru, June 5: A local businessman was hacked to death while two of his relatives suffered critical injuries in a broad daylight attack by a group of miscreants at Mulki on the outskirts of the city today.

The victim has been identified as Abdul Lateef (38). He was proprieter of Align Gold, Moodbidri. His wife is an advocate in Moodbidri. 

Abdul Lateef's father-in-law Muneer and latter's son Hayat suffered stab injuries. They are undergoing treatment at a hospital in Mangaluru. 

The attack took place near the Vijaya Bank in Mulki. 

According to sources, a gang of miscreants stabbed all three. While Abudl Lateef succumbed to his injuries, the other two are responding to the treatment. 

Police have registered a case. Investigations are on. 

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coastaldigest.com news network
July 4,2020

Mangaluru, Jul 4: The General Secretary of the Dakshina Kannada district unit of Bharatiya Janata Party’s youth wing (Yuva Morcha) has been tested positive for COVID-19 on Saturday.

In a tweet, Sooraj Jain Marnad, has confirmed that he was tested positive for COVID-19.

"I have been tested COVID19 positive. With all your blessings, I’m recovering & will be under treatment for a few days," the tweet said.

The district has witnessed a huge spike in COVID-19 cases in the past few days. The total tally of the district has already crossed 1000 mark. 22 COVID-19 positive patients in the district have died so far.

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News Network
March 18,2020

Bengaluru, Mar 18: Two more people have tested positive for COVID-19 in Karnataka, taking the tally of infected persons in the state to 13, Health Minister B Sriramulu said on Wednesday.

A 56-year-old man, a resident of Bengaluru had returned to India from the US on March 6 while the second person is a 25-yr-old woman with a travel history to Spain.

"2 more COVID-19 cases have been registered in Bengaluru today, taking the total infected cases to 13. 56-year-old male, resident of Bengaluru returned from the USA on 6th March. Another 25-yr-old female has returned from Spain," Sriramulu said in a post on his Twitter account.

A total of 147 positive cases of coronavirus have been reported in India so far, the Union Ministry of Health and Family Welfare said on Wednesday.

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