A day after income tax sleuths launched a search for a “missing” Gujarat real estate businessman who had declared unaccounted for income of Rs 13,860 crore, he surfaced on Saturday and was detained by IT officials. Ahmedabad-based realtor Mahesh Shah, 67, claimed he was just a face for unaccounted income of others and maintained he did not have any black money. “Kuch Hindustanio ka paisa hai (the unaccounted income declared belongs to some Indians),” he said on Gujarati ETV on Saturday. The realtor went “missing” after defaulting on the first tax instalment of over Rs 1,500 crore on the disclosed amount. He said “something happened” following which he could not pay the first tax instalment.

Source: Hindustan Times December 03, 2016 14:48 UTC