An Indian Civilizational Perspective

The 4th Richest Indian that nobody knows!

He is not even known.. and he might in the top 3 richest Indians! It is estimated that the Indian billionaires may be much higher than Forbes really says! Here is one example. India’s GDP should be 2 or 2.5 times its official value given the money that is stashed as black money!

Rs 35,000 crores of wealth, 10 Swiss Bank accounts plus what’s still not known! Have the I-T and Enforcement Directorate sleuths bumped into who could possibly be one of the top five richest Indians or the fourth richest man in India?

Initial reports coming in from Pune, where the Income-Tax department conducted what has been called the biggest income tax raids ever, say the I-T sleuths have traced Rs 35,000 crore of money to accounts operated by Pune-based businessman Hasan Ali.

While the reports only talked about money stashed in Ali’s accounts, the transaction details of which were found on his computers, the actual worth of his wealth is yet to be estimated. Enforcement Directorate officers are already in Switzerland and seven out of his 10 accounts have been frozen so far.

But even if one is to go by the conservative estimates of what has been found in the raids, the I-T sleuths have surely traced someone, who should be an automatic addition to the Forbes list of billionaires and be placed, possibly, right next to software czar Azim Premji.

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