January 19, 2011 1:54 PM

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SC expresses displeasure over the government's reluctance on issue of black money

The Supreme Court today 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.

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