Bengaluru, Nov 24: The upcoming Karnataka Vidhan Parishad election has turning out to be the battle of billionaires. And it is led by Congress candidate Yusuf Sharif, who has declared assets worth ₹1,744 crore before the state election commission on Tuesday.
The 54-year-old is the owner of Umrah Developers and is known to flaunt his wealth.
He used to work as a scarp dealer, and rose to riches in the years that followed. Sharif owns two Rolls Royce cars. His name recently came to limelight after one of his cars was seized over suspicion that taxes were not paid.
One of the Rolls Royce cars was bought from actor Amitabh Bachchan.
Known as 'Gujari Babu' or 'Scrap Babu', Sharif has faced cheating cases in the past.
The Congress on Monday announced the names of 20 candidates for the biennial elections.
The election to 25 Legislative Council seats will be held on December 10, according to schedule announced by the Election Commission earlier this month. Their term is ending on January 5, 2022. The results will be declared on December 14.
The polling body said that legislative council polls will also be held in Telangana, Andhra Pradesh and Maharashtra on the same date.
The model code of conduct came into effect in the constituencies concerned immediately after the announcement by the poll panel.
The last date for withdrawal of candidature is November 26.
The chief secretaries of all the states where elections are scheduled to be held have also been directed to depute a senior officer to ensure that the extant instructions regarding Covid-19 containment measures are complied with while making arrangements for conducting the elections, the election commission said.