Congress MLC candidate declares Rs 1,743 cr assets, becomes richest politician


Bengaluru, Nov 24 (IANS): Yusuf Sharif a.k.a KGF Babu alias scrap Babu, the Congress candidate for MLC elections from Bengaluru Urban, has declared Rs 1,743 crore assets in his affidavit to the Election Commission, to become the richest politician of the state.

Earlier, Minister for Small Scale Industries and Municipal Administration in the ruling BJP government, M.T.B. Nagaraj had declared assets to the tune of Rs 1,200 crore and was considered the richest politician of the state, but now Sharif has surpassed him.

In his affidavit, 54-year-old Yusuf stated that he owned a hand watch worth Rs 1.10 crore and is having 4.8 kg of gold, hundreds of acres of agricultural and non-agricultural land in and around Bengaluru worth Rs 1,593.27 crore. He has purchased a Rolls Royce Phantom car from Bollywood actor Amitabh Bachchan, for which he was in the news recently as transport officials confiscated this vehicle for lack of documents.

Yusuf is the eldest of the 14 children and grew up in poverty. He runs multiple businesses including real estate. Sources claim that his properties are worth more than Rs 4,000 crore.

Yusuf Babu grew up in Kolar Gold Fields (KGF). He worked in the scrap material division of Bharat Gold Mines. His father owned a bakery and when it ran into losses, became an auto driver. Later, he took up the scrap business which propelled him to new heights.

Sharif's business mainly includes buying and selling land. He has two wives -- Rukasana Taj and Shazia Tarannum and five children. Yusuf has declared Rs 100 crore worth movable assets and Rs 1,643.59 crore immovable properties.

Congress candidate from Chitradurga B. Somashekar has declared Rs 116 crore, BJP candidate from Dharwad, brother of former chief minister Jagadish Shettar, Pradeep Shettar has declared assets worth Rs 89 crore. Suraj Revanna, the grandson of former Prime Minister H.D. Deve Gowda has declared assets worth Rs 61 crore.

 

 

 

 

 

  

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Comment on this article

  • Nelson Kudripadav, Kinnigoly

    Thu, Nov 25 2021

    Remember, Telgi also was rich from scrap dealing .

    DisAgree Agree [7] Reply Report Abuse

  • Sachidanand Shetty, Mundkur/Dubai

    Thu, Nov 25 2021

    That's the reason why he was given CONGiss Ticket

    DisAgree [9] Agree [7] Reply Report Abuse

  • Rita, Germany

    Thu, Nov 25 2021

    Ashwin mangalore/Bangalore why is this ton? he worked for it from small .Not your tax money.One shouldnt be jealous of others richness. Noone has held you back reaching to that level.work hard ,and you might be the next Crorepathy.Crores have their own debut.simply they dont fall into your Pocket.

    DisAgree [5] Agree [19] Reply Report Abuse

  • mohan prabhu, mangalore/canada

    Thu, Nov 25 2021

    If filthy rich people enter politics, they can "buy out" other political rascals and reign supreme ... and say "f..." to the common people who they do not represent. To mskr yhsy kinf og monry, they must be touching gold every time!

    DisAgree [5] Agree [8] Reply Report Abuse

  • Karuna, Bengaluru

    Wed, Nov 24 2021

    DKS will have to work harder to gather some more corrup money to beat this candidates wealth.

    DisAgree [7] Agree [10] Reply Report Abuse

  • KS Mayya, Mangalore/Bangalore

    Wed, Nov 24 2021

    This is sad. I think people like DK Shi, Yusuf Sharif and the likes should run TV and youtube channels educating fellow citizens on how to become filthy rich like them. Alas, they want to be part of the politics not to serve people but to serve themselves, by tightly holding the secrets of their success under their skin. Why invest in post office, FDs, mutual funds or even some sure cure stocks, just try to understand the success mantra of God's chosen few from India's oldest party that won independence for India and just emulate them.

    DisAgree [10] Agree [25] Reply Report Abuse

  • Jeevan, Kudlaa

    Wed, Nov 24 2021

    This candidate has bright future in Congress.....

    DisAgree [11] Agree [30] Reply Report Abuse

  • Rahul, Mangalore

    Wed, Nov 24 2021

    Mr.Kudla politics is a last resort of a scoundrel. It's not differs whether its Congress or BJP .people like you differentiate it. As per you is it All BJP MLAS & MPS are bikshadhipathis?

    DisAgree [10] Agree [15] Reply Report Abuse

  • Observer, puttur/abu dhabi

    Thu, Nov 25 2021

    But its not like cable Ravi become koti ravi of bjp

    DisAgree [2] Agree [4] Reply Report Abuse

  • SB, Mlore

    Wed, Nov 24 2021

    Its not secret what's the criteria to be congress's MLC Nominee. Both the candidates of congress Briefcase candidates. After all when Mahaachor DKSHI is in party helms of the state, you know his picks.

    DisAgree [7] Agree [18] Reply Report Abuse

  • geoffrey, hat hill

    Wed, Nov 24 2021

    Good see someone declaring net-worth honestly in a country where people at top positions are found lying about educational qualifications/ martial status in electoral affidavits.

    DisAgree [26] Agree [34] Reply Report Abuse

  • Ashwin, Mangalore/Bangalore

    Wed, Nov 24 2021

    oh wow... Congress men has the most richest politicians.. oh yes they ruled India for so many years... still 1,743 CR so much money... all our Tax money is in his pocket... and this is only White Money... God only knows about Black Money... congress hatao desh bachao...

    DisAgree [40] Agree [36] Reply Report Abuse

  • Mak, Mangalore

    Wed, Nov 24 2021

    He worked for it .. and he earned it ,his family background being born in Kolar gold fields .. raised among slums ,but this man out threw his barrier of living in poverty ... But sadly people like you look only on others success .... Yes I do agree there are many corrupted politicians . But not in the case of this guy ! He is honest even about his car being confiscated because of lack of documents

    DisAgree [23] Agree [28] Reply Report Abuse

  • Rita, Germany

    Thu, Nov 25 2021

    Ashwin mangalore/Bangalore why is this ton? he worked for it from small .Not your tax money.One shouldnt be jealous of others richness. Noone has held you back reaching to that level.work hard ,and you might be the next Crorepathy.Crores have their own debut.simply they dont fall into your Pocket.

    DisAgree [2] Agree [8] Reply Report Abuse


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