Govt submits 627 names of black money holders to SC -- October 29, 2014 The Centre on Wednesday submitted a complete list comprising names of 627 Indians with foreign bank accounts in a sealed cover to the Supreme Court in an attempt to recover black money stashed abroad. The list includes names of persons having accounts with HSBC bank in Geneva that was given by France. Attorney General Mukul Rohatgi handed over 3 sets of documents to the SC. But the Supreme Court refused to open the sealed envelope saying that the documents must be placed before a Special Investigation Team. The SC said that only the SIT chairman and vice chairman could open the sealed envelope containing names of the account holders and decide what further action should be taken on the black money issue. The SC has allowed the Centre to put forth its grievances regarding various treaties with foreign countries before the SIT. It has also asked the SIT to submit a status report of on its probe by November-end. The move comes a day after the Supreme Court reprimanded the Modi-led government for “providing a protective umbrella to foreign bank account holders?” You do not do anything. Just pass on the information of account holders to us and we will pass orders for a further probe, the judges had said on Tuesday The court had said that Special Investigation Team will investigate black money and not the government. Finance Minister Arun Jaitley had said it will be up to the judges to decide whether to make the names public. There is nobody that the government wants to protect, he said on Tuesday. The apex court pulled up the government for seeking a modification of its order on disclosure of names of black money holders abroad. Jaitley had said the government was keen to punish all illicit foreign account holders and would do everything to bring back the black money. The truth about these names and also these accounts must come out so that penal action can be taken against the people and the money lying there can be brought back to India.” On Monday, the government named eight people in the top court who are being prosecuted for allegedly hiding undeclared cash in Swiss and other banks. The Supreme Court has been monitoring the investigations into black money since 2009, based on a petition filed by senior lawyer Ram Jethmalani. Source: © 2014 Rediff
Posted on: Wed, 29 Oct 2014 06:45:36 +0000
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