The Karnataka Income Tax Department raided 55-year-old Congress worker Yusuf Sharif's home in Bengaluru's Vasanth Nagar, on Saturday, a report on Republic World said. The reason for the raid is still unknown but he had previously made headlines after declaring assets worth over ₹1,700 crore when he filed an affidavit with the Election Commission before legislative council polls. Sharif was contesting the Bangalore (urban) seat on a Congress ticket but lost.
A multi billionaire, Yusuf Sharif was earlier into selling scrap before entering into real estate business.
{{^htLoading}} {{/htLoading}}
Had he won, he would have become the richest politician in Karnataka.
A report from November last year said Sharif owns multiple cars, including two Toyota Fortuner SUVs, and a Rolls Royce Phantom previously owned by Bollywood superstar Amitabh Bachchan.
He had told news agency ANI then that all his businesses were legal. "I purchase and sell every asset legally. I've given a declaration for all my money and paid tax for everything. I don't even have a private business. I buy and sell lump sum property," he had said.
"I have struggled a lot and now, when I have enough money, I want to do something for my friends, constituency, village, and Bengaluru. I want to educate three lakh students from our six constituencies," he had declared.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
Given several nicknames - like 'Gujari babu', 'scrap babu' and 'KGF babu', Sharif has only studied till Class 5 at a government school in from the Kolar Gold Fields township.
{{/usCountry}}
{{#usCountry}}
Given several nicknames - like 'Gujari babu', 'scrap babu' and 'KGF babu', Sharif has only studied till Class 5 at a government school in from the Kolar Gold Fields township.
{{/usCountry}}
He is believed to be the eldest of 14 siblings and has two wives and five children - a daughter and four sons. Sharif also has four cases pending against him at various city police stations.
This is not the first time Sharif has been targeted by the IT department. The department combed through his home once before and levied dues of ₹13.43 crores, a report by The Indian Express said.
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.
Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.
Get the latest City News, local updates, weather alerts and breaking stories from Bengaluru, Delhi, Mumbai, Hyderabad and other major cities across India on Hindustan Times.
