The Supreme Court on Wednesday expressed displeasure over the government's reluctance in coming forward with full information on the black money stashed by Indians in foreign banks.A bench comprising justices B Sudershan Reddy and S S Nijjar said, it is a theft of national wealth and amounted to “plunder” of the nation. The bench was hearing a petition by former Law Minister Ram Jethmalani and others for retrieving Indian black money stashed in foreign banks.The remark by the bench came when Solicitor General Gopal Subramanium was explaining various steps taken by the government under the Double Taxation Avoidance Act.The solicitor general said that it is an established procedure that whenever an affidavit is filed, it is with the concurrence at the highest level.Subramanium also accepted that the figure about the black money stashed in foreign banks is mind-boggling, but expressed limitation in sharing all information about it saying that the authorities have to go on the basis of mutual agreement with various countries where the money is stashed.
News On AIR | January 19, 2011 8:55 PM
SC expressed displeasure over govt's reluctance on black money issue