ED notice to B M Farookh over FEMA violation

News Network
April 17, 2018

Bengaluru, Apr 17: The Enforcement Directorate has issued a notice to realtor and Janata Dal (Secular) chief general secretary B M Farookh in a case of FEMA (Foreign Exchange Management Act) violation.

Farookh, who unsuccessfully contested for the Rajya Sabha seat on a JD(S) ticket, has been asked to appear before the ED officials on Tuesday.

Sources said that the notice had been issued to Farookh for FEMA violations in funds invested in real estate. He has been asked to produce his passport, Aadhaar, details of assets and balance sheets of his firms.

With declared assets of Rs 770 crore, Farookh was the richest candidate to contest Rajya Sabha polls from the state in 2016 and in March 2018. Farookh is the younger brother of B A Mohiuddin Bava, Congress MLA from Mangaluru north. Besides real estate business, Farookh has investments in renewable energy sector.

Comments

Kumar
 - 
Tuesday, 17 Apr 2018

ED may need to check his brother Bava's too

JDS Fan
 - 
Tuesday, 17 Apr 2018

Why only our leader..? search cong leaders in mangaulu. ED may findout much more

Danish
 - 
Tuesday, 17 Apr 2018

If ED start digging politicians asset matter properly may findout many benamy dealings and real estate investments.

Ganesh
 - 
Tuesday, 17 Apr 2018

HDK told he dont have money and his party too. Because of his "Health issues" he may forget Farookh matter

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News Network
March 16,2020

Kalaburagi, Mar 16: In the wake of coronavirus scare, the public gatherings including local markets, village fairs, Urs festival in Kalaburagi district have been banned, said B Sharat, Deputy Commissioner, on Sunday.

"Gatherings including local markets, village fairs, Urs festival in the district have been banned as a precautionary measure against the coronavirus until further orders," Sharat said.

The World Health Organization (WHO) has declared that Europe has become the new 'epicenter' of the global coronavirus pandemic that has infected more than 15 lakh people with over 4,000 deaths globally.

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News Network
April 15,2020

Bengaluru, Apr 15: Karnataka and five other states have their coronavirus antibody test kits stuck in China because of the country's new policy of getting clearance from their government before a company exports its products.

Singapore-based Sensing Self Ltd and China’s Wondfo are the only companies that have cleared Pune's National Institute of Virology (NIV)’s validation for rapid antibody test kit.

Dr CN Manjunath, Director, Jayadeva Institute of Cardiovascular Sciences and Research, and nodal officer for COVID-19 lab testing, Karnataka, said, "Inventory is ready in Hong Kong Airport. Karnataka's consignment is stuck with five other states' consignments: Kerala, Andhra Pradesh, Rajasthan, Gujarat, and Meghalaya. On April 1 or 3, China's policy changed saying any exports going out of China has to be certified by the Chinese government."

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News Network
May 13,2020

Bengaluru, May 13: Gym and hotels, which had remained closed due to lockdown to combat spread of Coronavirus, would be allowed to function from May 17, Karnataka Minister for Tourism C T Ravi said on Wednesday.

Speaking to the media, after a meeting with Chief Minister B S Yediyurappa here he said that the Chief Minister has agreed to give permission to gym, hotels and golf clubs to function and as they have assured to maintain social distance and follow other guidelines of the lockdown.

Mr Ravi, who is also Minister for Youth Empowerment and Sports, further said that reopening of hotel industry would help in attracting tourists. Opening of gym and fitness centre was important for sports persons and regular exercisers.

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