Mumbai Family Declared ₹2 Lakh Crore Black Money And Are Now Under Investigation

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A family based in Mumbai declared Rs. 2 lakh crore income has been rejected has come under investigation. The Union Finance Minister said the declaration was rejected as it was “suspicious in nature, being filed by persons of small means”.

This Mumbai family has 4 members Abdul Razzaque Mohammed Sayed, wife Rukhsana Abdul Razzaque Sayed, son Mohammed Aarif Abdul Razzaque Sayed and sister Noorjahan Mohammed Sayed. They reside in Bandra in Mumbai.

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The declaration made by this family is three times that of Rs. 65,250 crore declared under the Income Disclosure Scheme which was found to flush out of the system.

Expressing suspicion that the declarations could have been “misused”, the ministry said inquiries are on to “determine the intention behind these false declarations”.

Also a Ahmedabad based business man declared 13,000 crore rupees black money and his declaration was rejected, since then he has gone missing.

 

Here’s the complete text of the press release by the Ministry of Finance:

Finance Ministry Press Release by NDTV on Scribd

 

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