Infosys CEO SD Shibulal owns 700+ apartments in Seattle; now buying in Berlin, Frankfurt

[Jat]

Mate that is a lot of money even for someone of his level.

This can be earned but not under Indian taxation system. That's the catch.

In India ? I don't think even a CEO in USA can earn this much legally.

Yeah it's true that with his CEO income the guy cannot buy 700 flats in Seattle
But the family also a 2.2 percent of Infosys shares maybe he sell some of them for investment

 

[Gandhi G in da house]

Yeah it's true that with his CEO income the guy cannot buy 700 flats in Seattle
But the family also a 2.2 percent of Infosys shares maybe he sell some of them for investment

Still dude 700 flats ? That too in Seattle ? I don't know.

 

[JohnyD]

so this too is one of the reasons of his ineffective leadership at Infy!

Good for IT industry that he didnt go Satyam's Raja way and invested Infy's billions of dollar reserve in real estate!

 

[Jat]

Still dude 700 flats ? That too in Seattle ? I don't know.

Dude read the article the family have 2.2% share of infosys which still worth 30 billion dollars
How much you think this 700 flat will cost him?

 

[JohnyD]

Still dude 700 flats ? That too in Seattle ? I don't know.

how much 700 flats would cost in Seattle? I guess not more than 150-200 millions...so not big deal for Infy founder!

 

[Mr.S.Singh]

As an Indian you cannot buy property abroad, unless the money is generated abroad for the purchase

or it is property held by a entity

 

[dray]

This is a clear case of tax evasion. No ceo in india can earn so much legally to buy 700 flats in a foreign country.

The ruling government must target him.

He is a founding member of Infosys, think about the wealth creation that Infosys did since its early days.