No tweeple, this Surat businessman did NOT surrender Rs 6000 cr after demonetisation

In case you are wondering who Laljibhai Patel is, he is the man who bought PM Modi's Rs 4.3 crore blue suit which was auctioned a few months ago.

By: Trends Desk | Updated: November 15, 2016 7:42 pm
Laljibhai Patel did not surrender Rs 6,000 crore Laljibhai Patel did not surrender Rs 6,000 crore

Recently, an unverified report went viral on social media, stating that Surat-based diamond merchant and businessman (some have called him a builder) Laljibhai Patel had surrendered Rs 6,000 crore in cash after Prime Minister Narendra Modi’s domonetisation move. Posts and tweets were flying across the online space congratulating both the businessman and the Modi for such an outcome of the November 8 surprise.

Well, guess what? Patel hasn’t and he has confirmed the same to the local media after he was approached for a comment on the rumours.

WATCH VIDEO: Demonetisation: Banks Provide New Rs 500 Notes

Modi had abolished old currency notes of Rs 500 and Rs 1,000 on November 8 and the government has also put restrictions on exchange of old notes with the new one. Reportedly, as a result, people have found bags of money left unattended on streets across the country. Allegedly, Patel was also reported to have surrendered the money in cash in response to the ongoing situation in the country.

However, he denied any such action when asked for clarification by the local media. In a video that’s doing the rounds on social media, Patel says the reports are false and he hasn’t surrendered any money. “I am a diamond merchant and into import-export business. Mine is not a local business,” he said in Gujarati, adding that there’s no question of money disclosure.

In case you are wondering who Laljibhai Patel is, he is the man who bought PM Modi’s Rs 4.3 crore blue suit which was auctioned a few months ago.

Watch video:

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  1. S
    Shabana Saiyyed
    Nov 16, 2016 at 10:28 am
    Shame to those who are spreading lies
    Reply
    1. V
      Virendra Sason
      Nov 15, 2016 at 9:19 am
      Will any body tell the details of loan taken by him and his share in NPa of banks?
      Reply
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        anwar
        Nov 16, 2016 at 7:43 pm
        why di the gentle man did not surrender when there was a announcement from government stating income declaration scheme will attract 45% of penalty whereas after november 8 it is 200%...... alsolt;br/gt;lt;br/gt; First lets look at the math of it. First question, did he really have Rs 6000 crore cash dumped in his house? Imagining he did and believing he indeed surrendered the amount, here’s what he would have to pay as taxes. First a 30 per cent tax on Rs 6000 crore and then a 200 per cent penalty on the tax. That makes it Rs 5400 crore as taxes.lt;br/gt;lt;br/gt; The possibility of this insane amount of black-money being recovered by the government, made many on Twitter and Facebook bill it as an evidence of the success of Narendra Modi government’s demonetisation policy. ( from inuth)lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;he must have paid 9400 crore in totallt;br/gt;lt;br/gt;it is high likely a fake submission.......
        Reply
        1. A
          Avinash Bhat
          Nov 15, 2016 at 8:55 am
          The businessman and the Modi doesn't make sense.
          Reply
          1. C
            CC
            Nov 15, 2016 at 8:31 am
            Fargikal Strike
            Reply
            1. S
              Shahul Hameed-Bs
              Nov 15, 2016 at 9:51 am
              Reply
              1. A
                Ashok Mavingundi
                Nov 15, 2016 at 8:37 am
                In case you are wondering who Laljibhai Patel is, he is the man who bought PM Modi’s Rs 4.3 crore blue suit which was auctioned a few months ago.lt;br/gt;lt;br/gt;That is a misleading sentence. Penned deliberately perhaps. lt;br/gt;lt;br/gt;Fact is - he is the man who bought PM Modi's blue suit which was later auctioned for Rs 4.3 crores later. lt;br/gt;lt;br/gt;Get your lines right .
                Reply
                1. G
                  gogogo
                  Nov 15, 2016 at 9:46 am
                  The writer deserves a tight slap for misleading the public about the suit.
                  Reply
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