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Black money row: Centre to submit list of all names before SC today

India Blooms News Service | | 29 Oct 2014, 10:28 am
New Delhi, Oct 29 (IBNS): The Narendra Modi-led National Democratic Alliance (NDA) on Wednesday will submit a list of the names of all Indians with foreign bank accounts, media reports said.

The hearing of the case is scheduled at 10:00 am.

The move was taken after a severe reprimand from the Supreme Court which is monitoring the attempts to recover untaxed or black money stashed abroad.

The Supreme Court on Tuesday slammed the Centre and asked it to reveal names of all foreign bank account holders in connection with the black money case.

“You don’t have to have a protective umbrella for the (foreign bank) account holders...Doesn't matter even if confidentiality is being breached,” a bench headed by Chief Justice of India (CJI) HL Dattu was quoted as saying by media.

This came a day after the Centre on Monday named eight people in the top court in connection with untaxed or black money accounts in foreign nations nailing the Opposition that pilloried it earlier for shying away from its election pledge on the issue, even as political rivals termed the action a 'selective'  disclosure.

Pradip Burman of Dabur India, Rajkot-based bullion trader Pankaj Chimanlal Lodhya and Goa-based mining company Timblo Private Limited and its five Directors were among the names that figured in the list which was filed in the apex court by the government, sources said.

The Apex Court was monitoring the investigations into black money since 2009 based on a petition filed by noted lawyer Ram Jethmalani.

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