Income Tax Department and Police Officials have nabbed Mahesh Shah , the businessman based in Ahemdabad who had allegedly declared black money of worth Rs 13,000 crore last month. Since the day of declaration he went missing and did not turn up at the given deadline. It is reported that after being nabbed Mahesh Shah has a different tale to tell.
He appeared on various local news channels today and he claimed in an interview that “the money was not mine and had been given to me by various person including politicians, builders and babus.”
File Photo Of Gujarati Businessman Mahesh Shah.
While he was being interviewed on a local TV Channel , the Income Tax Officials along with the Police took him away to an undisclosed location for interrogation. Both the officials were on the lookout for Mahesh Shah who declared this huge amount under the Income Declaration Scheme (IDS) , which provides immunity to that person who declare their hidden assets and pay the required tax on the same.
We have already informed you that this 67 year old Gujarati Businessman had been missing just few days before the deadline on November 30 when he was asked by the IT Officials to deposit 25 % of the amount he disclosed to them.
IT Officials and Police also questioned Shah’s private chartered accountant , Tehmul Sethna who helped him in this disclosure. Even now the Income Tax Department says that “we don’t know much about his (Mahesh Shah) income , we are questioning him and will nab all the accused.”
