Wednesday 29 October 2014

Black money case: Centre submits list of 627 foreign account holders to Supreme Court

The list was submitted before the Supreme Court by Attorney General Mukul Rohatgi. The development came a day after the apex court directed the Centre to furnish the names of all individuals and entities in its possession who have accounts in overseas banks.

However, the Supreme Court refused to open the sealed envelope saying that the documents should be placed before SIT.

The Supreme Court said, 'Only SIT chairman and vice chairman can open the sealed envelope containing names of account holders.

The Supreme Court asked the SIT to submit status report of its probe by the end of November. SIT will decide what further action is to be taken on black money issue, added the Supreme Court.
Earlier on Tuesday The Supreme Court pulled up the government for seeking a modification of its order on disclosure of names of black money holders abroad. It directed the Centre to place before it names of all such account holders by Wednesday.

Jaitley said the government was keen to punish all illicit foreign account holders and would do everything to bring back the black money.

The truth about these names and also these accounts must come out so that penal action can be taken against the people and  the money lying there can be brought back to India.

"The government has no difficulty whatsoever with any agency investigating this matter because there is nobody the government wants to protect in this case so that those whose names have come must really be investigated and punished according to law," he said.

He, however did not reply to a question on whether the government would make the list public.

Jaitley said the government is also keen that the procedure followed must be such that the reciprocating countries continue to cooperate with India.

 
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