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Sayed family of Mumbai declares Rs 2 lakh crore income – Wealthier than Mukesh Ambani

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Mumbai: Sayed family of Mumbai’s Bandra area has disclosed a staggering Rs 2 lakh crore income under the voluntary income disclosure scheme. If true, the family of four will be wealthier than the wealthiest person in the country Mukesh Ambani, the owner of the Reliance Industries.

While another person hogging the limelight is under lenses, the attention has shifted to the Sayeds of Bandra, Mumbai. Mahesh Kumar Champaklal Shah of Ahmedabad had amazed everyone by disclosing a Himalayan sum of Rs 13000 crore. This was despite the fact that his neighbors and acquaintances said that he was a person of small means and used to borrow money from neighbors and travelled in auto rickshaws.

But the story of Mahesh Kumar Champaklal Shah of Ahmedabad pales in comparison of Mumbai’s Sayed family.

sayeds_black_money

The Union Finance Ministry on Sunday revealed that the family of four people disclosed an astonishing Rs 2 lakh crore+ under the Income Disclosure Scheme (IDS). According to the ministry’s statement, a family of four Abdul Razzaque Mohammed Sayed, his son Aarif, wife Rukhsana and sister Noorjahan, who were shown as residents of Flat no 4, Ground Floor, Jubilee Court, 269-B, TPS-III, Linking Road, Bandra (W), filed a total declaration of Rs 2 lakh crore.

Not much information regarding the Syeds is available. While talking about the flat that has been disclosed to be the residence of the four people, the secretary of the Jubilee Court building. Nobody has stayed here in the last 7 years.” He also added that every six months, someone came to pay the maintenance charges. The name plate in the building shows the flat to be in the name of one `R R Vaid’, which society members said was the earlier owner, before the flat changed hands. A watchman from a nearby showroom claimed that two officers had approached them eight days ago asking about Jubilee Court.

Meanwhile the government has initiated an inquiry into the issue. Reports suggest that the Permanent Account Number (PAN) of Abdul was submitted in the form and his Income Tax returns of the past three years had been checked. “The department will now once again go through these details and would summon the family members for questioning,” said the IT source. The Finance Ministry revealed that three out of the four PAN numbers of the Sayed family were originally registered in Ajmer and were migrated to Mumbai in September 2016, where the declarations were filed.

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