The government has taken various steps to find out concrete information about the illegal bank account opened by Indians in foreign banks. This was informed by Minister of State for Finance S.S. Palanimanickam in a written reply in the Rajya Sabha today. He said multi-pronged strategy is being implemented to check these accounts, which includes creating an appropriate legislative framework and setting up institutions to a deal with illicit funds. The minister said various legislative measures have also been taken by the Finance Act, 2012 in this regard which include reporting of assets held outside the country and reopening of assessments upto 16 years for taxing on undisclosed assets kept outside the country.