New Delhi, Oct 29: The Central government on Wednesday sbumitted a list comprising names of 627 black money account holders to the Supreme Court, which on Tuesday had chided the government to disclose all the names.
According to reports, the apex court, however, did not open the envelope and saying the list be placed before a special investigation team (SIT) probing the black money case. Only the SIT chairman and vice-chairman can open the sealed envelope, the court added.
The court also allowed the Centre to put forth its grievances regarding various treaties with foreign countries before the SIT.
Attorney General Mukul Rohatgi told reporters after the hearing that the government has informed the SC the deadline for investigation and assessment under the Income Tax Act into these accounts is March 2015.
Rohatgi, who placed the list before the SC, said this is the same list which the Centre had handed over to the SIT on June 27 earlier this year.
The names are from a list handed over to India by the Government of France, the AG said, adding all these accounts are held in HSBC Bank, Geneva.
According to him, the names are from a list stolen by an HSBC employee from Switzerland.
Rohtagi on Tuesday had said the government will provide the list in a sealed cover to the apex court by 10.30 am on Wednesday. Rohatagi said the government has no hesitation in disclosing the names of the people who have stashed their money abroad.
The Supreme Court pulled up the Centre for seeking modification of its order on black money on disclosing names of account holders in foreign banks. The apex court told the government “We won’t change even a word of our order.”
The apex court asked the Union Government to release all the names of the people who have stashed their black money in accounts abroad. This order came after the latter had released the names of three account holders on Monday.
Speaking to a news agency, Rohatagi said: “We have no hesitation in disclosing the entire list to the Supreme Court. We have already disclosed the entire list which we received from France, commonly known as the HSBC Swiss accounts, to the Special Investigation Team (SIT) constituted by the Supreme Court.”
“The government is bound to comply with the orders given by the Supreme Court and we have no reason to hold back any name. The latest status of this investigation will also be placed in the sealed cover before the Supreme Court at 10.30 am tomorrow,” he added.
On Monday, the government in an affidavit to the apex court had named three people who had accounts in Swiss banks with black money.
Those named in the government affidavit were Pradip Burman of the Dabur group, Rajkot-based bullion trader Pankaj Chimanlal Lodhya and directors of Goa-based mining company Timblo Private Limited – Radha Satish Timblo, Chetan S Timblo, Rohan S Timblo, Anna C Timblo and Mallika R Timblo. Timblo Private Limited, a firm identified by Association for Democratic Reforms as a donor to both the BJP and the Congress, was also named.
The government is reportedly building pressure particularly on Switzerland, seeking details of Indians who have parked unaccounted for money in the Alpine country’s highly secretive banks.
(With Agency Inputs)