3 ms·
> The real reason a lot of rich people are supporting Modi is fearing income tax raid. This may sound like an outrageous propaganda to those not familiar with
by webmobdev 6y ago
> The real reason a lot of rich people are supporting Modi is fearing income tax raid.
This may sound like an outrageous propaganda to those not familiar with current indian politics, but is a sad but true fact.
A good example of this is the Rs. 1.5 million suit that our Prime Minister got as a "gift" (that had his name embroidered all over the suit with gold). When he wore it meet Obama, he was criticised for his extravagance and faced accusations of bribery and corruption. To stem off the criticisms, he auctioned it off and claimed all the money had been donated to some charity.
Guess who were forced to bid for his suit's auctions, and buy it? Rich businessmen with huge tax issues:
Hitesh Patel: Diamond millionaire - Bid $690,000 (His firm had been raided by revenue intelligence officers for evading import duty.)
Mukesh Patel: Diamond trader - Bid $320,000 (His firm - M Kantilal and Company - was accused of 1.55bn rupees ($24.9m; £16.19m) tax evasion.)
Lavji Badshah: Entrepreneur - Bid $290,000 (A year before ... about 100 tax officials had raided Mr Badshah's offices.
Kamal Kant Sharma: Entrepreneur - Bid $225,000 (Mr Sharma's company was raided by tax authorities in 2012.)
(Source: BBC - https://www.bbc.com/news/world-asia-india-31546742 https://www.bbc.com/news/world-asia-india-31546742 ).