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Centre Submits a list of 627 Black Money Account Holders to SC
POSTED BY : NewsManMedia_Admin
POSTED ON : 29 Oct 2014
SC directs SIT to submit status report by Nov 30

New Delhi October 29:
Narendra Modi government today submitted a list of names of 627 black money account holders to the Supreme Court. The court refused to open the sealed envelope saying that only the SIT Chairman and Vice Chairman can open the sealed envelope containing the names of account holders.On the other hand SC has now directed the SIT to submit a status report by November 30.
Attorney General Mukul Rohatgi said that the list has been provided by the French government of those who have accounts in the HSBC Bank, Geneva. He said, "The deadline for completion of all investigations into the black money cases is March 31, 2015." The Attorney General added that the maximum people in the list are residents in India and rest are NRIs.
The court has also allowed the Centre to put forth its grievances regarding various treaties with foreign countries before the SIT.
The list comes a day after the Supreme Court pulled up the Centre and asked it to reveal names of all foreign account holders by Wednesday. The court had said that Special Investigation Team (SIT) will investigate black money and not the government.
Finance Minister Arun Jaitley had issued a statement saying that the government will submit all the names and that the probe should be done without offending countries that are helping India on the matter. "The government has no difficulty in placing the entire list and the same will be placed before the court tomorrow. The government has already given the list to the court constituted Special Investigating Team on June 27. We are keen that by whatever procedure in accordance with law we must get to the root of the matter," Jaitley said.
Hitting out hard at the government, the Supreme Court had on Tuesday said, "You do not do anything. Just pass information of account holders to us and we will pass order for further probe. You do not have to take interest in people having foreign bank accounts, the Special Investigation Team will take care of it."
"We can't leave the issue of bringing back black money to government. It will never happen during our time. Why are you providing protective umbrella to foreign bank account holders," the court said.
There was also a political furore over the issue with the Congress alleging that the Modi government was not fulfilling its promises.
Earlier on Monday, the government had also revealed the names of three businessmen - Pradip Burman, former Executive Director of Dabur group, Pankaj Chimanlal Lodhiya, a Rajkot based bullion trader and Radha S Timbola, a Goa based miner.

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