Posted: 12-Feb-11 in News India by Shahbaz Aslam 1 Comment

Government soon to reveal the names of black money holders with foreign account

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After several months of cry of the Indian public over the issue of black money deposited by the top brass personalities of India, the Central government on Thursday finally assured the apex court that the names of the account holders in foreign banks will be disclosed once the cases will be filed against them.

As per report of the sources, Solicitor General Gopal Subramanium while appearing before a bench of Justice headed by Justice B Sudershan Reddy confirmed that the government had issued a show cause notices against the persons accused of having black money in foreign banks and once a case is registered against them, their names will be made public.

Moreover, before adjourning the day’s session for further hearing to March 3, the Bench asked the government to ensure that Hasan Ali Khan, a Pune-based businessman accused of stashing money in foreign banks, did not run away from the process of law.

The court was hearing a petition filed by noted lawyer Ram Jethmalani and some former bureaucrats seeking the court”s direction to the government to bring black money, said to be the tune of 1 trillion US dollars, back to the country.

When senior advocate Anil Divan contended that Central government was not taking effective steps to bring back all those stashed money in foreign banks, Subramanium claimed that the government has taken “remarkable steps” like as letters rogatory (letter of request by a court for collecting evidence to a foreign court) has been issued seeking information on black money.

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Comment
( 1 Comment so far )

  • Abdul Samad
    Feb 14, 2011 at 09:57:am

    Respected Sir

    I am Abdul Samad a student of engineering college.Central government must take strong steps to bring the black money from foreign banks.With help of these black money indian infrastructure can be made like an American infrastructure.
    So please businessman thing about people and india.

    Thanks
    Abdul Samad

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