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
July 6,2020

Jul 6: At least 8 lakh Indians may be forced to leave Kuwait as the country's legal and legislative committee has approved a draft expat quota Bill, reported.

The Bill, which states that Indians should not exceed 15 percent of the population, was determined as constitutional by the National Assembly, local media reported.

It will soon be transferred to the respective committee so that a comprehensive plan is created.

Expats account for 30 lakh of Kuwait's 43 lakh population. Indian community constitutes the largest expat community in Kuwait, totalling 14.5 lakh.

The move comes as the number of Covid-19 cases has spiked in the country, with 49,000 cases being reported so far.

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News Network
May 20,2020

Bengaluru, May 20: An owner of a hair cutting training salon in the city has given shelter to the jobless IT professionals and migrant workers hailing from north-eastern states and Nepal, in his salon.

Rahul Rai, the owner said, "The moment the lockdown started then I received many complaints from different corners that several persons became jobless and they were thrown out of their rented accommodations."

"They are from different states of the North-east and some of them are from Nepal also. I converted my hair-cutting training salon into a shelter home for them," he added.

A person who got shelter at the salon said, "I lost my job after the lockdown started. I was facing a lot of issues after my landlord had evicted me from my rented accommodation. I spent about a week nearby a lake. I managed to contact Rahul Rai through Facebook and he rescued me along with many others."

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News Network
April 26,2020

Bengaluru, Apr 26: Three new cases of COVID-19 have been reported in Karnataka in the last 24 hours, taking the total number of cases in the state to 503 as per Karnataka government.

There are 302 active COVID-19 cases in Karnataka presently, while 182 patients have been discharged, 19 deaths have been reported, state government informed.

The total number of positive coronavirus cases across the country are 26,917, including 20,177 active cases of the virus. So far, 5,913 patients have either been cured or discharged while 826 deaths have been recorded in the country, as per data provided by the Union Ministry of Health and Family Welfare.

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