Black Money List: No intention to Withhold any name, govt tells SC

Black Money List: No intention to Withhold any name, govt tells SC

On Monday the centre released eight names against whom it has started prosecution for allegedly stashing black money in foreign banks in an important revelation.
The Indians in an affidavit filed by the government in the Supreme Court are Pradip Burman (former director, Dabur India Limited) and Pankaj Chimanlal Lodhiya (chief promoter of Rajkot-based Shreeji Trading Company).
Goa based mining company Timblo Private Limited and its five Directors were also among the names that figured in the list.

The affidavit, filed days after the government came under attack from political rivals that it was chary of revealing names, said that these names have been received from French authorities and other countries. The Government said that all foreign bank accounts cannot be termed as illegal, promising to disclose more names of black money holders who have come under its scanner.
The additional affidavit on the black money issue was filed 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.
The name of Burman was received from French authorities while the names of other two have been received from other countries. The list names Timblo Private Limited and its directors Mrs Radha Satish Timblo, Chetan S Timblo, Rohan S Timblo, Mrs Anna C Timblo and Mrs Mallika R Timblo. It was not clear whether the account complied with all legal requirements.


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