The Centre on Monday disclosed before the Supreme Court eight more names including that of Pradip Burman, one of Dabur India promoters, a bullion trader and Goa miners against whom it has started prosecution for allegedly stashing blackmoney in foreign banks.
The three persons named in the affidavit on black money are Pradip Burman, formerly of Dabur group, Goa-based miner Radha S Timblo and Bullion trader Pankaj Chimanlal Lodhya. The television reports also indicated that four members of the Congress Party, including a former minister of the previous UPA regime, are under investigation, and added that their names may be revealed after the probe is completed. Among the four Congress Party members are two belonging to powerful political families in the state of Maharashtra, the television reports further stated.
The additional affidavit on the black money issue was filed on Monday(today) in furtherance of its affidavit recently when it had said that names of account holders in foreign banks cannot be disclosed till there is evidence of tax evasion against them and prosecution is launched in India.
With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, the Burmans on Monday said the account complied with all legal requirements.
"We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account," a Dabur spokesperson said in a statement.
The government in its 10-page affidavit submitted that it cannot disclose all the information and names of account holders in overseas banks, received from foreign countries, unless there is a "prima facie" evidence of wrongdoing for launching prosecution for tax evasion.
"The government is committed to disclose names of persons holding illegal money abroad. However, every account held by an Indian in a foreign country may not be illegal and the fundamental right of citizens to privacy under Article 21 of the Constitution cannot be ignored and has been recognised by this court," it said, adding the names and information/ documents cannot be disclosed even even under a proceedings under Article 32(1) of the Constitution.
20:47 IST Monday, 27 October 2014
Black money case: All you need to know about Radha Timblo, Pradip Burman and Pankaj Lodhiya
The government has revealed names of 3 persons to the Supreme Court who allegedly have black money stashed in Swiss banks. According to the affidavit submitted by the government to the apex court, the three businessmen are being probed under the Income Tax Act and Prevention of Money Laundering Act. The government is said to have a list of 138 names but has told the court that it cannot reveal the other names unless “they are prosecuted in a court of law”. Here's a brief profile of the 3 names that have cropped up so far in the black money saga. Read more
18:47 IST Monday, 27 October 2014
Goa Congress dubs black money disclosure as selective blackmailing
Opposition Congress in Goa today termed Narendra Modi-led BJP government's disclosure of names of those allegedly holding illegal money abroad as "selective blackmailing of a few people", and dared Centre to reveal all names on the list at once.
"We dare Modi government to disclose in one slot all the 700 names which are in the list as claimed by BJP," Goa Pradesh Congress Committee Spokesman Sunil Kawthankar told a press conference here. Read more
16:47 IST Monday, 27 October 2014
Black money: CPI asks government to come out with all names
CPI on Monday asked the government to come out with names of all those who have allegedly stashed illegal money abroad, saying the Narendra Modi-led dispensation lacked political will to do so. "Government has to answer a lot of questions as there is a reluctance on its part to give out all the names. This shows that the government lacks the political will and determination to fulfil its election promises," party National Secretary D Raja said here. Read more
16:32 IST Monday, 27 October 2014
Lawyer Ram Jethmalani wants Supreme Court to play more active role in black money row
Expressing dissatisfaction with the Narendra Modi-led government's move to name only three persons in the black money case as of now, veteran lawyer Ram Jethmalani on Monday hoped the Supreme Court will rise to the occasion and do the needful. "I do not ordinarily comment on pending matters. In this case I am not the counsel, I am the party. It will be less than honest of me if I did not express to you about my real feelings about what has happened today. To put it in one line, it is a case of a mountain of labour producing a mouse," Jethmalani told the media in New Delhi. Read more
16:22 IST Monday, 27 October 2014
BJP approach over black money shows leaders 'black mind, says former Bihar CM Nitish Kumar
Janata Dal (United) on Monday made a scathing attack on the Narendra Modi government over its affidavit on black money saying it reflected BJP leaders' "black mind" and mocked the party as "Bhrasht Jhoothi Party". "Kale dhan par BJP ka rukh unke kale maan ko dikhata hai (The approach of BJP on the issue of black money reflects black mind of its leaders)," senior JD(U) and former Bihar Chief Minister Nitish Kumar said on his facebook account. He has also lampooned the PM and his predecessor Manmohan Singh through pictures to drive home his point. Read more
16:13 IST Monday, 27 October 2014
Black money case: Pankaj Lodhya denies having Swiss bank account
City-based bullion trader Pankaj Lodhya, who has been named by the Centre in an affidavit filed before the Supreme Court in the black money case, on Monday denied having a foreign bank account and said he was shocked to find his name in the list."I have no account in the Swiss bank. I have no foreign bank account. I came to know about this from media. I am shocked," Lodhya told reporters here. "I have declared all my wealth before the Income Tax department," he said. Read more
13:24 IST Monday, 27 October 2014
Black money row: BJP terms Government move to reveal names as 'historic'
The Bharatiya Janata Party (BJP) on Monday termed the Centre's move to reveal the names of three people having black money stashed abroad in its affidavit to the Supreme Court as historic, saying that the Prime Minister Narendra Modi-led government has kept its promise. "Today is a historical day in the fight for black money. This government at the Centre has shown the intention of not only declaring the names, but also bringing back the black money," BJP spokesperson Sambit Patra said. Read more
13:01 IST Monday, 27 October 2014
Black money case: Pradip Burman's foreign bank account legal, followed all rules, says Dabur
With one of its members, Pradip Burman, being named as an account holder in a foreign bank in the black money issue, Dabur India promoter family, the Burmans on Monday said the account complied with all legal requirements. "We wish to state that this account was opened when he (Pradip) was an NRI, and was legally allowed to open this account," a Dabur spokesperson said in a statement. Read more
15:06 IST Monday, 27 October 2014
Assocham against government disclosing names of black money holders
Amid a growing clamour for naming of alleged black money holders, industry body Assocham on Sunday said the government should not prematurely disclose the names of such persons as it could hamper battle against this menace. "The double taxation avoidance treaties are important for the Indian residents and corporates which can avoid paying taxes twice. Revealing the names of individuals allegedly holding unaccounted money can make to headlines but will surely make India's battle against the menace weak. Besides, violation of DTATs will deal a severe blow to the country's credibility," it said in a statement. Read more
10:04 IST Monday, 27 October 2014
Earlier, the Narendra Modi government, which promised to bring back black money stashed in foreign banks, recently toed the line of UPA regime by informing the Supreme Court that it cannot disclose such details given by countries with which India has double taxation avoidance agreement (DTAA).
Meanwhile, Rajya Sabha MP and senior lawyer Ram Jethmalani on Friday slammed the NDA government for stating that it cannot disclose details of the data shared by it with foreign countries regarding black money, said that its recent submission in Supreme Court in the matter was "ill-advised".
However, Jaitely in an interview to a private TV channel had said that Switzerland has agreed to share information about at least 500 Indians who held accounts at HSBC in that country as evidence against them has already been collected by the Indian tax officials and communicated to the authorities there.
He also blamed the media for misreporting that the government has backtracked from revealing the names. "The government never said that it will not reveal the names of Indians who have undeclared income parked in foreign bank accounts," Jaitley said, noting that the names will be out as soon as the culprits are taken to court.
Also read: Narendra Modi government should come clean on black money: Trinamool Congress
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