I-T officials raid premises of JD(S) leader B M Farooq in Mangaluru, Bengaluru

[email protected] (CD Network)
February 24, 2017

Mangaluru, Feb 24: Income Tax officers on Thursday conducted searches on the on the business and residential premises of entrepreneur and Janata Dal (Secular) leader B M Farooq over alleged undisclosed income.

bmfarooq1
A source said the raids were conducted at the offices of five companies, either owned or connected to Mr Farooq, in Mangaluru and Bengaluru.

Farooq, who contested the Rajya Sabha election in June on a JD(S) ticket, had declared assets worth Rs 750 crore. According to the affidavit, Farooq is a shareholder in 16 companies.

Sources said that Mr. Farooq, whose business interest spans across power, logistics and shipping, and real estate among others, has his stakes in at least eight firms. Another source said Greenco Energies Pvt Ltd, which as per the election affidavit has given a Rs 4-crore unsecured loan to Farooq, is also on the radar.

Greenko’s subsidiary AMR Power Private Ltd. built and operates the 24.8 MW run-of-river hydropower project on the banks of the Netravati in Bantwal taluk in the district. Since the company had several transactions with Mr. Farooq, it was subjected to search and inspection.

Mr Farooq’s affidavit has an entry about loans taken by him from individuals and entities to the tune of Rs 51 crore. This includes unsecured loans from companies that are into energy-related businesses. Some firms have given unsecured loans up to Rs 15 crore. An officer said the raids would continue for another day or two.

Mr Farooq is the younger brother of Congress leader and Mangaluru North MLA B A Mohiuddin Bava.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 19,2024

jeddah.jpg

Mangaluru: The Mangalore International Airport (MIA) will connect to a new domestic destination with the introduction of a non-stop flight to Tiruchirappalli International Airport in Tamil Nadu. 

The non-stop service, once-a-week, will operate on Wednesday (from TIA) and Thursday (from MIA), starting April 3. Air India Express will operate the flight.

The flight is expected to help those taking up a pilgrimage to Vailankani shrine.

Sources from the AIE said that the airline carrier decided to fly non-stop between the two southern Indian cities as a flight to Jeddah, which will start from April 3, arrives from Tiruchirappalli International Airport. 

“It is a ferry or positional flight from TIA to MIA. Instead of flying empty, the management has decided to run it as a commercial flight. This will help both passengers and the airline. The airline will deploy Boeing 737-800 aircraft with a 186-seater all-economy configuration on this route. 

The same flight, after landing in MIA, will further fly to Jeddah,” a source said. 

The flight IX 1498 will depart every Thursday at 5am from MIA to TIA. The TIA-MIA flight IX 1499 departs at 12.50pm. It is a one-hour nonstop flight. The same flights will also operate nonstop between Jeddah and MIA. 

The non-stop flight IX 499 will depart MIA at 2.50pm and reach King Abdulaziz International Airport, Jeddah at 6.25pm. The IX498, will depart from Jeddah at 7.25pm and reach MIA early at 3.40am.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 27,2024

lebenon.jpg

At least seven people have been killed when Israeli warplanes bombed an emergency center in southern Lebanon near the border with the 1948 Israeli-occupied territories with air-to-surface missiles, according to Lebanese security sources.

Two sources, speaking on condition of anonymity said early on Wednesday that the strike targeted the Islamic Group’s emergency and relief center in Lebanon’s southern village of Habbariyeh.

Jamaa Islamiya, a Lebanese group closely linked to the Gaza-based Palestinian resistance movement Hamas, said in a statement that “a number” of people had been killed, and called the strike a “heinous crime.”

An official from the group said “seven rescuers” were killed in the aerial assault.

Another Jamaa Islamiya official, also requesting anonymity, said a dozen medical staff were in the emergency center at the time of the strike, adding that bodies were being pulled from the rubble.

Lebanese lawmaker Hassan Mrad said “the Israeli aggression on Habbariyeh adds to the long list of Israeli crimes.”

Israel has been launching air strikes against Lebanon since the beginning of its onslaught against the Gaza Strip in early October.

An Israeli strike knocked down part of a building in the southern Lebanese city of Nabatiyeh on February 14, killing seven members of the same family, including a child, Lebanon’s official National News Agency said. A boy initially reported missing was found alive under the rubble.

In a separate Israeli attack, a woman and her two children were killed in the village of as-Sawana in southern Lebanon.

The Israeli regime launched its devastating hostilities in the Gaza Strip on October 7 after the territory’s Hamas-led Palestinian resistance groups carried out a surprise retaliatory attack, dubbed Operation Al-Aqsa Storm, against the occupying entity.

Israel's raids have resulted in retaliatory strikes from Hezbollah in support of the Palestinian people in the Gaza Strip.

The movement has vowed to keep up its retaliatory operations as long as the Tel Aviv regime continues its onslaught on Gaza.

The Israeli campaign in Gaza has killed at least 32,414 people, most of them women and children. Another 74,787 individuals have also been wounded.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 14,2024

busowner.jpg

Udupi: In a freak mishap, a 65-year-old man lost his life after being hit by his own bus which was being repaired at a garage at Athrady in Udupi district on Wednesday, March 13.

The deceased has been identified as Dayanand Shetty, the owner of a private bus.

It is learnt that the bus had been kept for repairs at the garage and Dayanand had gone there to inspect the repair works.

At this time, the mechanic started the engine and the bus moved ahead. Dayanand, who was standing in front of the bus, came under its wheels.

He was immediately rushed to a hospital where he died without responding to the treatment. A case is registered at jurisdictional Manipal police station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.