Government on tuesday said that it will reveal the names of the Swiss bank account holders in the court. Talking to reporters in New Delhi on Tuesday, Finance Minister Pranab Mukherjee said that Income Tax department will reveal the names of the account holders during the prosecution. He added that the treaty signed with Swiss Government, prohibits revelation of names before the prosecution.

The Income Tax Department has started sending notices to persons involved in black money cases on the basis of information received from abroad. Meanwhile, the Income Tax Department has started sending notices to persons involved in black money cases on the basis of information received from abroad. The notices are being sent by the Directorate of Criminal Investigation (DCI) to individuals and entities across countries following scrutiny of classified banking data received from foreign countries about Swiss Bank accounts. Finance Ministry says, it has received over 9,900 pieces of information from several countries regarding suspicious transactions by Indian citizens, which are now under different stages of processing and investigation.
The Department of Criminal Investigation will initiate legal proceedings in several cases in the next few months, sources said, adding that the cases would be dealt with under criminal provisions of the IT Act.