1. Black money: Narendra Modi govt submits list of 627 names to Supreme Court

Black money: Narendra Modi govt submits list of 627 names to Supreme Court

Centre provided the list of people having accounts with HSBC bank in Geneva given by France.

By: | New Delhi | Updated: October 29, 2014 1:54 PM
Supreme Court on Tuesday had directed the Centre to place before it names of all such account holders. (Reuters)

Supreme Court on Tuesday had directed the Centre to place before it names of all such account holders. (Reuters)

The Narendra Modi government today submitted names of Indians having accounts in foreign banks before the Supreme Court in the black money on a sealed envelope.

The Attorney General submitted three sets of documents to the apex court. While the document 1 contains names of 627 Indians having accounts in foreign banks, document 2 has overseas accounts details. The third document has details on status of investigations into the black money issues.

The Centre provided the list of people having accounts with HSBC bank in Geneva given by France.

The Supreme Court refused to open the sealed envelope on black money saying that the documents be placed before SIT.

“Only SIT chairman and vice chairman can open the sealed envelope containing names of account holders… SIT will decide what further action is to be taken on black money issue,” said the court.

The top court asked the SIT to submit status report of its probe into the black money case by November-end.

The court also allowed the Centre to put forth its grievances regarding various treaties with foreign countries before the SIT.

The Supreme Court on Tuesday had 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.

The apex court had some strong words for the Narendra Modi-led government for seeking modification of its earlier order on disclosure of all names saying this was accepted by the then UPA government.

“Why are you trying to protect people having bank accounts in foreign countries. Why are you providing a protective umbrella for all these people,” the Supreme Court had asked the Centre.

Later, Finance minister Arun Jaitley emphasised that no one will be protected. The list will be given to the Supreme Court in a sealed envelope, he said, but did not say if the government was open to making the list public.

“The government shall place the list before the Court because the government has already given (the list) to the court constituted Special Investigating Team (on June 27). The government is keen that by whatever procedure in accordance with law we must get to the root of the matter.

“…the government has no difficulty in placing the entire list and the same will be placed before the court tomorrow (on Wednesday),” Jaitley told reporters.

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.

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

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