Black money: Govt reveals names of 18 account holders in Liechtenstein bank

Apr 29 2014, 20:10 IST
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Supreme Court had reproached the Centre over its reluctance to share information received from Germany about individuals stashing money in Liechtenstein Bank. Supreme Court had reproached the Centre over its reluctance to share information received from Germany about individuals stashing money in Liechtenstein Bank.
SummaryHowever, Centre also asked Supreme Court not to make public names of certain other individuals.

wholly.

In the meantime, Jethmalani also gave names of former apex court judges who could be considered for the post of Chairman and Vice-chairman of SIT which will be looking into all cases of black money in the country.

The Centre had earlier faced the heat of the apex court for failing to implement its three-year-old directions including setting up of a SIT to probe all cases of black money and disclosing information received from Germany about individuals stashing money in Liechtenstein Bank.

Jethmalani also claimed that he can put on record names of those who have bank accounts in Switzerland and are involved in money laundering.

He further said reports suggest that Indians alone have parked around Rs 19 lakh crore black money abroad.

The bench said it will consider his submission and asked him to be ready with an affidavit on it in the next hearing.

Jethmalani said he was ready with the affidavit and will file it tomorrow so that it could be taken during the hearing on Thursday.

Senior advocate Anil Divan, arguing for Jethmalani, placed in a sealed cover the names of three former Supreme Court judges, who could be considered for appointment as Chairman and Vice Chairman of the Special Investigating Team (SIT) to carry out the investigation into the black money issue as per the direction of apex court's July 4, 2011 judgement.

At the outset, the bench also said that it has received a letter from Justice B P Jeevan Reddy, former apex court judge, who was appointed as the head of the SIT but later expressed his inability to continue.

It said the contents of the letter cannot be disclosed.

The bench had asked both the Centre and petitioners to discuss and come out with the name of a former apex court judges who would agree to head the SIT.

The bench was informed that former apex court judge M B Shah, who has been appointed Vice Chairman of the SIT, has agreed to continue.

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