(This story has been updated.)
A few viral media reports, albeit unverified, claimed on Tuesday that a Surat-based businessman in Gujarat had surrendered Rs 6,000 crore in cash to a bank. It has now turned out that the reports were not accurate.
Laljibhai Patel, the businessman who was earlier known for purchasing Modi’s pinstriped suit for Rs 4.3 crore, denied that he had surrendered any cash in the wake of the government’s demonetisation move.
The Quint had not independently verified the news.
I am a diamond merchant and into import-export business. Mine is not a local business.Patel to local news channels
There’s no question of money disclosure, he added.
Further, Navbharat Times reported that according to Income Tax Department sources, the story was nothing but a viral rumour.
Patel is one of the richest businessmen and diamond merchants in the country. He has made headlines for giving expensive gifts to his employees, and in February this year, he donated Rs 200 crore for educating girl children.
How to Convert Black to White
Gujarat, nevertheless, has seen a spike in the number of people trying to look for online solutions to convert black money to white.
Here are some high-stake findings of unaccounted wealth.
While Patel has denied the claims, it is not unlikely that large sums of money are flowing out of people’s homes during the black money clean up that’s taking the country by storm.
Other Seizures in Gujarat
Two persons were detained and cash worth Rs 2.5 crore in demonetised currency notes of Rs 500 and Rs 1,000, was seized from their vehicle near Virpur town in Gujarat on Monday. The cash was being transported in a mini truck.
The currency notes were found concealed in ten packets, each containing Rs 25 lakh. All the cash was kept inside a box in the vehicle.Ghanshyamsinh Jadeja, Sub-Inspector
The vehicle driver, Rajni Khunt, and his assistant Bavanji Patel, have been detained and being interrogated.
The owner of the cash, from where it was being transported and its destination, are being ascertained, police said.
In Jetpur, police caught two persons who were ferrying Rs 50 lakh in cash from Sankli Village in Rajkot on the Rajkot-Junagadh highway on Sunday evening, as reported by The Times of India.
We have detained Rakshit Gajipara (25) and Vinod Pipaliya (41), both residents of Junagadh. We have seized Rs 50 lakh from the car and informed the Income Tax department.RK Gohil, Sub-Inspector
Source: Indiatimes.com , PTI, The Times of India
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