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Black money: Govt's list has no new details, says SIT

India Blooms News Service | 30 Oct 2014, 12:16 am
New Delhi, Oct 29 (IBNS): With the Centre on Wednesday submitting a list of 627 names of Indians who hold foreign bank accounts in countries like Switzerland to the Supreme Court, Special Investigation Team (SIT) Chairman Justice MB Shah said that there is no new detail in the report that has been submitted by the government.
The SIT has been entrusted the responsibility of probing the case.
 
"I don't think there is anything significant in the report. The list is the same as before. It was known to us. We have to question the people in the list," Shah told CNN-IBN channel.
 
He also said that all the facts in the report were already known to the SIT.
 
Shah said that the probe is underway and filing a report will take time. 
 
The Centre on Wednesday submitted a list of 627 Indians who hold foreign bank accounts in countries like Switzerland to the Supreme Court.
 
The lists of names were given in three sealed envelopes. The top court has set March 2015 as an initial deadline for the completion of probe, sources said.
 
It was also learnt that the SIT will submit a report on 220 names and will share details with the Enforcement Directorate (ED) and other agencies on the matter.
 
The move was taken following a severe reprimand from the Supreme Court which is monitoring the attempts to recover untaxed or black money stashed abroad.
 
The SC 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.
 

Black money: Govt's list has no new details, says SIT

India Blooms News Service
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