December 5, 2011 5:33 PM

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CBI denies media reports about sharing any details of LGT bank account holders

Central Board of Direct Taxes,CBDT has denied media reports that it has shared any details about 18 individuals found to have stashed illegal funds abroad in LGT bank accounts.

In a statement issued in New Delhi, the agency has clarified that it has not shared any information received under the Double Taxation Avoidance Agreement with Germany regarding Indians having accounts in the LGT bank, Liechtenstein, with any other agency.

The CBDT has also not authorised the use of the information received for any purpose other than tax purposes.

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