Bandra residents clueless about man who declared Rs2 lakh crore income

The residents say they have never heard of the Sayeds, who had reportedly declared an income of Rs 2 lakh crore, living in flat number four as claimed by the official government release.

Residents of Jubilee Court, Linking Road, Bandra woke up on Sunday to see the media outside their building. The reason: A family, the Sayeds, residing in the ground plus two building had declared an income of Rs 2 lakh crore.

New Delhi, India - December 01: New two thousand Rupee currency note, in New Delhi, India on December 01, 2016. HT Photo

But here’s the catch. The residents say they have never heard of the Sayeds living in flat number four as claimed by the official government release. They claim the flat has been vacant for several years.

A resident of the building said, “The flat has been closed from more than 7 to 8 years. Around a decade ago, one Shailesh Hingorani owned the flat and he used to run a beauty parlour. Before that, RR Vaid lived there and sold the flat around 15 years ago,” said a resident, who spoke on condition of anonymity.

While another resident of the building said, “The flat has been on sale from the past one year. A week ago, a resident even received a forwarded message from an unknown broker on his phone, asking interested parties to buy the flat.” A few residents and shopkeepers in the locality claimed the flat is currently owned by a builder whose name they claimed not to know.

The income-tax department has rejected the family’s declaration of Rs2 lakh crore and investigations in the matter are on, the Union finance ministry said. The ministry said the declaration was rejected as it was “suspicious in nature, being filed by persons of small means”.

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I-T dept rejects declarations of over Rs 2 lakh crore by ‘suspicious’ people