<p> Income Tax officers on Thursday raided properties owned by businessman and Congress MLA B A Mohiuddin Bava’s younger brother B M Farooq. <br /><br /></p>.<p>A source said the raids were conducted at the offices of five companies, either owned or connected to Farooq, in Mangaluru and Bengaluru.<br /><br />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. <br /><br />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.<br /><br />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. <br />An officer said the raids would continue for another day or two. <br /></p>
<p> Income Tax officers on Thursday raided properties owned by businessman and Congress MLA B A Mohiuddin Bava’s younger brother B M Farooq. <br /><br /></p>.<p>A source said the raids were conducted at the offices of five companies, either owned or connected to Farooq, in Mangaluru and Bengaluru.<br /><br />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. <br /><br />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.<br /><br />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. <br />An officer said the raids would continue for another day or two. <br /></p>
