Rs 14,000 crore default case: Will Mahesh Shah reveal name of 'big fish'?

Ahmedabad: The Charted Accountant of Mahesh Shah, the missing businessman from Gujarat, who had disclosed unaccounted earnings of Rs 13,860 under Income Declaration Scheme (IDS)claimed that Shah will reveal the name of "one big fish" whose money was part of the Rs 13,860 crore he disclosed in IDS form.

As per The Times of India report, Tehmul Sethna, the CA of Mahesh Shah said that the I-T department had also seized several servers containing digital data of numerous years in the raids conducted at his office. Sethna is the senior-most partner in Apaji Amin & Co, a chartered accountant firm.

As Shah was detained by the I-T officials from the from the sets of a TV news channel on Saturday, he claimed that the money that he declared under IDS belongs to politicians and bureaucrats and more information will be disclosed soon.

The real estate dealer also said that he regrets what he has done and will fully cooperate with the I-T department. He was missing since November 29.

"I will disclose the names of the people in front of specific I-T officers," Shah said.

"I was not running away and it was due to some reasons I stayed away from media," he added.

Income Tax department officials have arrested him from ETV studio in Gujarat.

Earlier he told the TV channel that "Rs 13,860 crore I declared under Income Disclosure Scheme is not mine".

The businessman said he had done the disclosure "out of compulsion" and was promised "commission" for declaring the wealth as his.