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Income Tax Raids Home of Karnataka’s Wealthiest Politician Yousuff Sharif, Also Known as KGF Babu

Untitled design 2023 04 19T151130.478

A suspended member of the Congress party, Yousuff Sharif, also known as KGF Babu is under the radar of the Income Tax department. According to the reports, the officials from the IT department are searching his residence in central Bengaluru. 

kgf babu asset, ಡಿಕೆಶಿ ಮೀರಿಸುವ ಕುಳ ಕಾಂಗ್ರೆಸ್‌ಗೆ ಎಂಟ್ರಿ, ಕೆಜಿಎಫ್‌ ಬಾಬು ಬಳಿ  ಇದೆ 1,700 ಕೋಟಿ ರೂ. ಆಸ್ತಿ! - kgf babu asset kolar congress candidate yusuf  sharif announces more than rs 1700 crore ...

KGF Babu. Credits – Vijay Karnataka

According to a report by Deccan Herald, a team of the Income Tax Department reached his house on Millers Tank Bund Road in Vasanth Nagar at around 5:30 am. While the search continues, the officials suspect tax evasion from the former Congress leader. 

Leading up to the assembly elections, Babu promised expensive gifts to the residents of his region which also included spacious flats. These activities of distributing cash, household essentials, and even cheques were done in the name of social service.  

Babu earned Rs 46 crore in the outgoing financial year. He also declared Rs 1,538 crore in immovable assets and Rs 83 crore in movable assets. Among his movable assets is a Rolls Royce that he purchased for Rs 2 crore in 2017.  Babu also declared liabilities to the tune of Rs 63 crore, besides disclosing Rs 13.43 crore in income-tax dues. He stated that he had filed an appeal in the case. 

KGF Babu, K'taka's Richest Politician, to Donate Rs 350 Cr to Constituency  He's yet to Get Ticket for

Credits – News18

Babu himself aspired for the Congress ticket but didn’t get it. He then fielded his wife. The Congress has fielded former MLA, R V Devaraj. Last year, Babu and his wife were questioned in a money-laundering case registered by the Enforcement Directorate (ED).  Two years ago, Babu lost the MLC election on a Congress ticket.


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