New Delhi: The Supreme Court will continue hearing the black money case on Tuesday, a day after the Centre provided names of three people who allegedly have black money accounts in foreign banks.
It will be interesting to see if the Supreme Court buys Centre's argument of not providing the complete list of account holders following a treaty signed by the previous government.
Finance Ministry sources said that investigations have been completed under the Income Tax department and prosecution has been initiated against the three named in the list. The government has indicated that they will name more black money holders if they have prosecutable evidence against them. Sources say that approximately 700 account holders are being probed for irregularities.
The central government which had told the Supreme Court that it cannot make the names of black money account holders public, citing the violation of double tax evasion treaty signed by the UPA government, on Monday came out with three names of people who allegedly have black money in their foreign accounts. These names are: Pradip Burman, former Director of Dabur group, Pankaj ChimanLal Lodhiya, a Rajkot based bullion trader and Radha S Timbola, a Goa based miner.
Comments
0 comment