Man who disclosed Rs 14,000cr black money goes missing

December 3, 2016

Ahmedabad, Dec 3: A businessman from Gujarat has disappeared after disclosing unaccounted earnings of Rs 13,860 crore under the Centre's Income Declaration Scheme (IDS).

Black
Mahesh Shah, 67 , lived in a 4-BHK apartment in an old building in Ahmedabad, and was known to take an autorickshaw to work. The billionaire also owed money to neighbours.

Shah's cash disclosures account for more than 20% of the total Rs 65,000 crore declared under IDS in India. However, in his income tax returns for the past 2-3 years, Shah had shown his annual income as Rs 2 lakh to Rs 3 lakh.

Income tax department sleuths carried out searches at Shah's residence and his chartered account Tehmul Sethna's office and residence from November 29 to December 1. "The last time I talked to Shah was on November 29 in the presence of I-T officials. Ever since, he is inaccessible," Sethna, a partner in the 90-year-old CA firm Appaji Amin & Co, said on Friday.

Shah, a big-ticket land dealer with business interests in Gujarat, Mumbai and Pune, had declared his income on September 30 -the last date for disclosures under IDS. The first instalment of Rs 1,560 crore, 25% of the 45% tax imposed on his declared income, was to be paid on November 30. However, Shah's declaration form was cancelled by the I-T department on November 28.

Sethna claimed that Shah's declaration was cancelled after I-T officials, following a search, felt he would not be able to pay the amount. "I-T department suspects the possibility of money laundering through income disclosed by Shah," he said. The I-T department, however, said there was no co-relation between Shah's IDS declaration and the search operations.

"It was sheer coincidence that premises of Shah and his business associates were among 67 places searched following market intelligence about illegal currency exchange in Ahmedabad after demonetisation. We had no inkling of Shah's disclosure under IDS, which is being handled by the assessment branch and is confidential. We have seized Rs 40 lakh in cash and jewellery worth Rs 30 lakh from Shah's business associates," said a senior I-T officer.

Shah and Sethna came into contact in 2013 when the former approached the CA for tax advice in a land deal. "The land deal never materialised but Shah kept in touch. Shah was not a regular client and I have never filed Shah's income-tax returns," Sethna said. He conceded that he never doubted Shah's credentials though the latter possessed huge amounts of cash. He said Shah had contacts with highly influential people, including politicians, and put up only at five-star hotels in Mumbai.

Shah's son Monitesh, 32, said, "He (Shah) is in Mumbai but I have no idea about his whereabouts."

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December 15,2025

Udupi, Dec 15: What was meant to be a post-pilgrimage gathering turned tragic in Padukere village of Brahmavar taluk, Udupi district, late Sunday night, when a clash among youths escalated into a fatal assault, leaving one man dead.

The victim has been identified as 30-year-old Santosh Mogaveera, a resident of Padukere.

According to preliminary information, the incident took place during a late-night drinking party involving a group of local youths who had recently returned after completing their pilgrimage to the Sabarimala shrine. An argument reportedly broke out among the group and soon escalated into a violent confrontation.

During the ensuing brawl, Santosh Mogaveera was allegedly assaulted and collapsed at the spot after sustaining serious injuries. He was rushed by local residents to a private hospital in Brahmavar, where doctors declared him dead.

On receiving information, senior police officials, including Brahmavar Circle Inspector Gopikrishna, Kota Police Sub-Inspector Praveen Kumar T, Station ASI Manthesh Jabagoudar, and head constables Pradeep and Ashok, visited the spot and conducted an inspection.

Police have taken four youths into custody in connection with the incident. A case has been registered at the Kota police station, and further investigation is underway to ascertain the exact sequence of events leading to the death.

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News Network
December 7,2025

SHRIMP.jpg

Mangaluru, Dec 7: A rare bamboo shrimp has been rediscovered on mainland India more than 70 years after it was last reported, confirming for the first time the presence of Atyopsis spinipes in the country. The find was made by researchers from the Centre for Climate Change Studies at Sathyabama Institute of Science and Technology, Chennai, during surveys in Karnataka and Odisha.

The team — shrimp expert Dr S Prakash, PhD scholar K Kunjulakshmi, and Mangaluru-based researcher Maclean Antony Santos — combined field surveys, ecological assessments and DNA analysis to identify the elusive species. Their findings, published in Zootaxa, resolve decades of taxonomic confusion stemming from a 1951 report that misidentified the species as Atyopsis moluccensis without strong evidence.

The shrimp has now been confirmed at two locations: the Mulki–Pavanje estuary near Mangaluru and the Kuakhai River in Bhubaneswar. Historical specimens from the Andaman Islands, previously labelled as A. moluccensis, were also found to be misidentified and actually belong to A. spinipes.

The rediscovery began after an aquarium hobbyist in Odisha spotted a shrimp in 2022, prompting systematic surveys across Udupi, Karwar and Mangaluru. Four female specimens were collected in Mulki and one in Odisha, all genetically matching.

Researchers warn the species may exist in very small, vulnerable populations as freshwater habitats face increasing pressure from pollution, sand mining and infrastructure development. All verified specimens have been deposited with the Zoological Survey of India for future reference.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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