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Black money: Government makes 18 names public

Wednesday, 30 April 2014 - 9:00am IST | Place: New Delhi | Agency: DNA
Prosecution has been launched against 17 of these people, Centre tells SC

The Centre on Tuesday furnished before the Supreme Court names of 26 Indians and related documents of the account holders in Liechtenstein Bank in Germany in the black money case.

Appearing for the central government, solicitor general Mohan Parasharan said the names were procured by the government from German authorities. The government submitted two sealed envelops containing names of 18 people and their accounts details in one envelop and names of eight others in another sealed cover to the bench headed by Justice H L Dattu.

The senior government lawyer said in all 18 cases, "the income tax probe is complete and prosecution has been launched against 17 people while one has died."

He further said against other eight others, there was no proof of wrongdoing against them.

The bench, also comprising justices Ranjana Prakash Desai and Madan B Lokur, said the judges themselves will discuss the details submitted by the government and fixed the matter for Thursday to pass appropriate order.

Filing the affidavit through joint secretary of revenue department, finance ministry, the Centre said in the list of 26 names of Indian- origin people included 12 trusts --- Ambrunova Trust, Marline Management, Manichi Trust, Ruvish Trust, Dainese Stifung and Dryade Stiftung, Urvashi Foundation, Raj Foundation.

"The information regarding outstanding amounts in the accounts maintained by 12 trusts with LGT Bank in Liechtenstein was received by the government of India from the Greman Tax Authority in March 2009..," as per the affidavits.

Webster Foundation is of K M Mammen, a Padmashree awardee, Ambrunova Trust and Marline management are being run by Kolkota's stock broker Manoj Dhupelia and his family members, Manichi Trust is manged by Mumbai's businessman, Ruvisha Trust belongs to a family from Kolkota and Urvashi Foundation is run by Delhi's banker Arun Kochhar.

Likewise, Dainese Stifung and Dryade Stiftung Trust is managed by the business family from Mumbai.

Meanwhile, petitioner Ram Jethmalani's counsel Anil Diwan submitted in a sealed cover three names of retired judges of the apex court for the members of Special Investigating Team (SIT).

The bench sought new names after government said that Justice B P Jeevan Reddy in his communications expressed his inability to function as the SIT head.

Following details about the Trusts and its associates and can be used as box item

Webster Foundation----K. M. Mammen , a Padma Shri award winner, was born in a Syrian Christian family in Kerala He in fact belongs to a family of Padma Shri award winners. His brothers, K M Cherian, K M Philip and K M Mathew, his cousin M K Mathulla and nephew Mammmen Mathew are Padma Shri Awardees. The eldest brother K M Cherian is also a Padma Bhushan recipient. Graduated from the prestigious Madras Christian College, he started his industrial life with a toy balloon manufacturing unit from a small shed near Chennai in 1946. By 1952, MRF Limited ventured into the manufacture of tread rubber. Since then, the company has grown to become a Rs 30 billion enterprise. He passed away in March 2003.

Trusts in question
Manichi Trust --- Hasmukh Gandhi is a Mumbai-based businessman and managing director of Millennium Herbal Care Limited. He heads research & development and the company's overall strategy and business. He jointly managed the family business at the Lyka Labs group of companies and in the more recent times held the position of Managing Director of Gujarat Lyka Organics Limited. His wife Madhu Hasmukh Gandhi; and late son Mirav Gandhi also figure in the list.

Manichi Trust -- Chintan Gandhi: Another son of H I Gandhi, he is the director of Millennium Herbal Care Limited.

Dainese Stiftung and Dryade Stiftung--Arun Ramniklal Mehta, Mumbai, co-founder, Rosy Blue Group.

Raj Foundation---Ashok Jaipuria is a Delhi-based businessman and chairman of Cosmo Ferrites Limited.

Ruvisha Trust --- Chandrakant Ishwarlal Gandhi, Kolkata is director of Dolphin Laboratories Limited ; his wife Dhanlaxmi Gandhi; their sons Viraj Gandhi and Rajesh Gandhi, who is also director at DLL.

Ambunov Trust and Marline Management --- Manoj Kumar Dhupelia, Kolkata is a stock broker; his wife Rupal Dhupelia,; son Mohan Manoj Dhupelia; Ambrish Dhupelia and Bhavya Manoj Dhupelia of Mumbai, unspecified relatives of MK Dhupelia.

Urvashi Foundation --- Arun Kochar: Delhi; investment banker, now residing in the US


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