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Family Claims $29 Billion Fortune as India Hunts Tax Evaders
•Tax department currently investigating suspicious declaration •Fortune would make family richer than billionaire Ambani A family of four Indians told the government it had evaded tax on $29 billion of income. That fortune would make them wealthier than the nation’s richest man. The Mumbai-based family including the patriarch, his wife, son and sister together declared 2 trillion rupees -- more than Mukesh Ambani’s $21 billion of wealth -- during a government program offering amnesty on undisclosed income, the Ministry of Finance said in a statement on Sunday. Another man from Prime Minister Narendra Modi’s ... (full story)