January 14, 2011 7:06 PM

printer

SC questions Govt. unwillingness to disclose names of Indians having black money in foreign banks

The Supreme Court today questioned the Government as to why it is reluctant in disclosing the names of Indian nationals who have allegedly stashed black money in foreign banks. A Bench comprising B Sudershan Reddy and S S Nijjar made this remark, when Solicitor General Gopal Subramanium informed the Court that Government has got the details but did not want to reveal it. The court's remarks came after the Government contended that it has got the information from the German government pertaining to the bank accounts of Indian citizens in Liechtenstein Bank there.After the court's poser, Mr Subramanium submitted that he would take instructions from the government with reference to the names of the Indian nationals holding bank accounts in foreign countries. The court was hearing a petition filed by noted criminal lawyer Ram Jethmalani, who along with some retired bureaucrats and police officers approached it seeking directions to the government to take steps to bring black money stashed in foreign bank back to the country. The court said it would like persons includingPune-based businessman Hassan Ali Khan, who is being probed by the Enforcement Directorate in connection with alleged black money stashed in foreign banks, to be impleaded as a party to the petition. The court said that it was a seriousproblem and not only about tax avoidance. The Centre also submitted that it has no problem in placing status report on its investigation on any individual. The petitioners alleged that government is not serious on the issue and despite having all the information given by German government, it has done nothing for the last two years. Earlier, the ED had filed its status report on the probe in a sealed cover before the court which said that it will consider making it public after examining it.

Most Read
View All arrow-right

No posts found.