Mahesh Shah, who declared over 13k crore in black money, detained

New Delhi: Income tax Department on Saturday detained Mahesh Shah, an Ahmadabad businessman who had disclosed his unaccounted money worth over Rs 13,000 crores in October under the Income Declaration Scheme.

Shah went missing after declaring his thousands of crores of black money and was on the radar of the Income Tax officials.

IT sleuths have searched the residence and office of Shah along with the residence of his Chartered Accountant (CA) Tehmul Sethna but his whereabouts were not known.

Shah appeared on a news channel on Friday and claimed that it wasn't his money and was given to him by politicians.

"It is not my money but has been given to me by several people including politicians, government clerks and builders," he told a regional media house.

He, however, soon was taken away by police officials to an undisclosed location for questioning.

According to the reports, the 67-year-old businessman had gone missing just a few days before the November 30 deadline for depositing 25 percent of the disclosed amount.