BM Farooq is the richest among Rajya Sabha candidates

coastaldigest.com news network
June 1, 2016

Mangaluru: Jun 1: Congress MLA BA Mohiuddin Bava's younger brother BM Farooq, who is contesting the Rajya Sabha elections on a JD(S) ticket, is the richest among the candidates who have filed their nominations so far.

Mr Farooq's total assets are valued at around Rs 750.2 crore, as per the details available on the Karnataka legislature website. Farooq, who filed his nominations on Monday, holds Bachelor of Engineering (Mechanical) and Master of Business Administration degrees. He is the CMO of Fiza Developers and Infratech Pvt Ltd, and the owner of Mangaluru United cricket team.

The total value of immovable assets owned by him and his wife Fousia Farooq are worth Rs 688.14 crore.

He is a shareholder in 16 companies, where his shares are worth Rs 21.75 crore. His wife owns shares worth Rs 2.79 crore. Farooq has declared that his movable assets are valued at around Rs 68 crore.

He owns luxurious assets such as Rado, Rolex, Vangeneous, Cherooli watches, an iPhone, and jewellery worth Rs. 1.05 crore. He also owns a row of high-end cars, including Range Rover (Rs. 1.12 crore), Volkswagen Beetle (Rs. 21 lakh), and Toyota Camry (Rs. 24.14 lakh). All his cars bear the fancy registration number 5555.

B.M. Farooq — JD(S)

* Richest among five candidates who have filed nomination papers.

* Combined value of movable assets (including that of wife Fousia Farooq) — Rs. 750.2 cr.

* Immovable assets — Rs. 544.67 cr. (wife's Rs. 74.37 cr.).

* Liabilities — Rs. 87.06 cr. (wife's Rs. 65.4 cr.).

* Annual income — Rs. 3.38 cr. (wife's Rs. 59.94 cr.).

K.C. Ramamurthy — Congress

* Combined value of movable assets (including that of wife Sabitha Ramamurthy) — Rs. 82 cr.

* Retired IPS officer is chairman of CMR Group of Institutions.

* Total income is Rs. 68.13 lakh (wife's - Rs. 4.2 cr.).

* Movable assets — Rs. 21.06 cr.; immovable assets — Rs. 56.19 cr.

* Liabilities declared — Rs. 12.7 cr.

Oscar Fernandes — Congress

* Total income — Rs. 6.35 lakh (wife's income is Rs. 7.86 lakh).

* Value of movable assets in his and wife's name is Rs. 2.95 lakh. Liabilities — Rs. 5.04 cr.

Jairam Ramesh — Congress

* Movable assets — Rs. 5.79 cr.

* Rs. 25,000 in cash and drives a low-end car worth Rs. 4 lakh.

* Total income — Rs. 53.01 lakh, with movable assets worth Rs. 4.74 cr. in his name. His wife Jayashree K.R. has movable assets worth Rs. 8.93 lakh.

Also Read :

BM Farooq issue: Mohiuddin Bava will not betray Congress, says KPCC chief

CM takes on MLA Bava over BM Farooq contesting RS polls on JD(S) ticket

Comments

Tabassum
 - 
Friday, 13 Aug 2021

Sir I am working I aided school for 5 years.the post is vacant in 2011.But B O
and DDPI office didn't receive the permission files.so I request your kind self to help in this consern.
Thank you sir
Jazakallah

kris putnam
 - 
Saturday, 10 Mar 2018

wife (in Burka) earning 59 crore per annum WOW!

Mohammed Ali Kulai
 - 
Thursday, 2 Jun 2016

Wish you All the Best!!!

Mohammed Ali Kulai
 - 
Wednesday, 1 Jun 2016

Congrats !.....Wish u all the Best!!!

Sathish
 - 
Wednesday, 1 Jun 2016

Best of luck sir.
We are going to be employees of your company

SK
 - 
Wednesday, 1 Jun 2016

Good Fekugiri by the cunning and useless OSCAR

Nation First
 - 
Wednesday, 1 Jun 2016

A prominent member of a Chor family of Surathkal. Cheating is their family business.

Samad
 - 
Wednesday, 1 Jun 2016

please calculate his zakath, as its compulsory obligation in islam , and send the poor people, at his door step, its their rights! just in case if he do not pay zakath, then how can we expect he will work for poor?? once he gets elected..???

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News Network
December 4,2025

Udupi: A 40-year-old NRI from Udupi has reportedly lost more than Rs 12.25 lakh in an online investment scam operated through Telegram.

According to a complaint filed at the CEN police station, Leo Jerome Mendonsa, who has been working in Dubai for the past 15 years in computer accessories sales, maintains NRI accounts in Karkala and Nitte.

On November 12, 2025, Mendonsa was added to a Telegram group called Instaflow Earnings by unknown individuals. Users identified as Priya and Dipannita persuaded him to invest in “Revenue Tasks.” Initially, Mendonsa transferred Rs 1,100 multiple times and received the promised returns, encouraging him to continue.

On November 14, another user, Nishmitha Shetty, directed him to register on a website, digitvisionuoce.cc, and invest Rs 4 lakh in various shares. Over the next few days, he made multiple transfers totaling Rs 12,25,000, including Rs 50,000 via Google Pay, believing the scheme was legitimate.

After receiving the money, the alleged handlers stopped responding, and neither the invested amount nor the promised profits were returned.

The CEN police have registered a case under Sections 66(C) and 66(D) of the IT Act and Section 318(4) of the Bharatiya Nyaya Sanhita (BNS), and investigations are ongoing.

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News Network
November 30,2025

airportmetro.jpg

Udupi: The pontiffs of Sri Paryaya Puttige Mutt, the sacred seat of Jagadguru Shrimad Madhvacharya Moola Samsthanam, have submitted a proposal to the Prime Minister seeking comprehensive development for Udupi district. 

Proposal for International Airport

A key request is the establishment of an international airport. Highlighting that around 1,000 acres of land are available and suitable, the pontiffs noted that the existing Mangalore Airport provides limited international connectivity. They suggested the airport be developed under a Public-Private Partnership (PPP) or as a Greenfield Airport to boost trade, education, healthcare, and spiritual tourism.

Metro and Rapid Transit Connectivity

The proposal also calls for Metro Rail or Rapid Transit between Mangaluru and Udupi. The 55 km coastal stretch experiences heavy daily commuter traffic, causing congestion. The district administration is ready to prepare an initial project report for a Mass Rapid Transit corridor and requested inclusion under national urban mobility programmes to ensure safe, green, and time-efficient regional transport.

Port and Coastal Development

The pontiffs urged the development of an international-standard port with a cruise terminal along Udupi’s coast. They also requested fast-tracking of pending coastal tourism projects and revising Coastal Regulation Zone (CRZ) norms to encourage sustainable infrastructure and hospitality investment.

IT, AI and Technological Infrastructure

Support was sought for an IT and AI Innovation Park with incubation facilities under Digital India and Startup India initiatives. The proposal also emphasized the need for strengthened data security and cloud computing infrastructure to boost India’s technological independence.

Sports and Education Initiatives

The pontiffs requested national sports status for Kambala, along with financial and infrastructure support. They also sought the establishment of an AIIMS in Udupi, a new IIT campus, and approval for an IIM to promote higher education in the district.

Representation to the Prime Minister

Sri Sugunendra Tirtha Pontiff and Sri Sushrendra Tirtha Swamiji represented the pontiffs in submitting the comprehensive development proposal to the Prime Minister during his recent visit.

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News Network
December 2,2025

Mangaluru, Dec 2: Mangaluru International Airport responded to a medical emergency late on Monday night. Air India Express flight IX 522, travelling from Riyadh to Thiruvananthapuram, was diverted to Mangaluru Airport after a passenger in his late 30s experienced a medical emergency on board.

The Airport’s Operations Control Centre received an alert regarding the passenger’s health condition. The airport activated its emergency response protocol, mobilising the airport medical team and coordinating with stakeholders including CISF, immigration, and customs. 

Upon landing, airport medical personnel attended to the passenger, assessed his condition, and arranged to shift him to a local tertiary-care hospital for further treatment. The passenger’s relatives accompanied the passenger, who incidentally received necessary medical care on board, which helped stabilise the situation.

Following the handling of the emergency, the flight departed for Thiruvananthapuram at 2:05 am on Tuesday.

"We appreciate the cooperation of all parties involved, and this incident reaffirms our ongoing commitment to prioritising passenger safety and readiness to respond to unforeseen emergencies with professionalism and care," the Airport spokesperson said. 

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