Daily Archives: October 29, 2014

Indians stashing ‘black money,’ beware. High court wants your name

Indians stashing ‘black money,’ beware. High court wants your names

Supreme Court in Delhi tells lawmakers that a list of secret foreign bank account holders that may be hiding illegal funds must be handed over

india

The Government of India submitted the list of all black money account holders to the Supreme Court on Wednesday as directed. Attorney General of India Mukul Rohatgi said that the government has submitted a list of around 627 names who have their accounts in HSBC bank. He added that all assessments have to be completed by 31st March 2015. The sealed covers will be opened by SIT which will proceed according to law after opening the seals.

Christian Science Monitor By Syed Nazakat – October 28, 2014 7:45 PM
The Government of India submitted the list of all black money account holders to the Supreme Court on Wednesday as directed. Attorney General of India Mukul Rohatgi said that the government has submitted a list of around 627 names who have their accounts in HSBC bank. He added that all assessments have to be completed by 31st March 2015. The sealed covers will be opened by SIT which will proceed according to law after opening the seals.

Wikileaks founder Julian Assange once said that Indians have more black money stashed in tax havens than any other nationality.  Continue reading

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