Mumbai-based share trader Mahendra Shah and his son Megh Shah are absconding after a raid was conducted at their rented flat in Paldi, Ahmedabad, where the Anti-Terrorism Squad (ATS) and Directorate of Revenue Intelligence (DRI) seized around 88 kg of gold bars, 19.66 kg of studded gold jewellery and Rs 1.37 crore in cash. According to sources, DRI teams also visited Mumbai and seized the Shahs’ luxurious 4BHK bungalow, Madhuban, at Lokhandwala in Andheri West. House help and caretakers are worried about their salaries and have been visiting the bungalow for the past two days.

Gold bars seized from Mahendra and Megh Shah’s rented flat