I was reading an article about the richest people in Andhra Pradesh. Mr L Madhusudan Rao topped the list. Mr L Madhusudan Rao is the Chairman of the Lanco Group and he was listed among the 40 richest people in India by the Forbes’ magazine. Mr L Madhusudan Rao’s net worth is 1.9 billion dollars which is ahead of even Mr Vijay Mallya, the liquor baron. But I wonder if there are any hidden billionaires who purposely do not declare their assets for fear of the income tax. In India it is...