This is probably the most breaking news in the media for the past three days. Here is an unbelievable story of Gujarat businessman who surrendered a staggering amount of Rs 6,000 crore to the government.

Since the amount is considered to be black money, he will have to pay an additional amount of Rs 5,400 crore as tax on the money. Whether he would pay the additional amount to the government as a tax or not is a different question, this news has become a debate among the people now. Will he become the precedent for the black money holders?

It seems that Prime Minister Narendra Modi’s decision to ban currency notes of Rs 500 and Rs 1,000 to check black money is slowly yielding good results.

This 60-year-old Lalji Bhai Patel, who is flourished in diamond business in Surat, has been doing some philanthropic work by donating to charities and social causes. It may be recalled that this man had also bought the PM Modi’s suit-jacket with his name embroidered on it.

He also hogged headlines when he donated Rs 200 crore for girl child education in the country. He was also in the news for presenting cars and residential flats to his employees working for him in the business. However, the economists believe that there might be exemption for this business keeping his social and philanthropic work in view. Patel listed among the top 10 wealthiest jewellers in the country with a personal fortune of $480 million, reported Wikipedia.