Another shocker..Surat chaiwala has 56 accounts

Ahmedabad:  This chailwala from Surat seems to be the modern day Kuber. His wealth is estimated at  Rs 1,3000 crore in cash, property, gold and silver. A FIR registered  against him by the Income Tax department in Surat  says that Kishore Bhajiyawala family operated 56 bank accounts in various banks.

"There are a total 56 bank accounts in the name of Bhajiawala, his family members and  Bhajiyawala Hindu undivided family. These include 16 accounts in private banks, 13 in nationalised banks and 27 in Surat People's Cooperative Bank Limited," the FIR stated

The CBI has already interrogated Bhajiyawala's two sons, Jignesh and Vilas, and Pankaj Bhatt, senior manager of Surat People's Cooperative Bank (SPCB), Udhna Udyognagar branch. An FIR has been registered against them for illegal exchange of old notes.

Bhajiawala, interrogated by CBI and  ED, had many of these accounts and lockers in   bogus names.

"Locker number 1550 with SPCB, Udhna Udyognagar branch, from which I-T had seized Rs 97.84 lakh in Rs 2,000 new currency notes, was registered in the name of Hitesh Rughani and Damyanti Rughani of Thane but was allegedly operated by Kishore Bhajiyawala's son, Jignesh," the FIR added.

His estimated wealth before the raids was around Rs 500 crore, which after the raids has gone up to Rs 1,300 crore. He is said to own many farm houses, row houses, commercial properties, flats and plots in the city. This is apart from the cash and gold-silver he has. Documents of property worth Rs 400 crore have been used, rest are believed to be benami. Like any other money lender, he used to take property documents from loan takers, and would transfer the title to his name after repayment default.

What has been seized so far.

  • Rs 1,45,50,800 (all in new currency notes)
  • Gold worth Rs 1,48,88,133.
  • Gold jewellery worth Rs 4,92,96,314
  • Diamond jewellery worth Rs 1,39,34,580
  • Silver ingots worth Rs 77,81,800.
  • Documents of property worth Rs 400 crore