The Income Tax authorities have unearthed a sum of Rs 16 crore of concealed income during searches on the seven premises of diamond merchant and film producer Bharat Shah in Mumbai, I-T officials said here on Friday.

According to the I-T officials, searches were conducted on Bharat Shah's seven premises recently and they revealed concealed income to the tune of around Rs 16 crore.

The searches began on March 13 by a team of about 50 officers. The offices owned by Shah in Mehta Bhavan at Opera House and his apartment in Swapna Lok building in Napean Sea Road were among the premises that were searched.

It may be mentioned that Shah has produced many hit movies including blockbuster film `Devdas' starring Shahrukh Khan, Madhuri Dixit and Aishwarya Rai.