Taxmen raid properties of Cong MLA's brother

 Income Tax officers on Thursday raided properties owned by businessman and Congress MLA B A Mohiuddin Bava’s younger brother B M Farooq.

A source said the raids were conducted at the offices of five companies, either owned or connected to 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.

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.

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.

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