Black Money: Central govt reveals 3 names in Supreme Court…

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The Central government disclosed the names of three Indians holding illegal foreign bank accounts in an affidavit submitted before the Supreme Court.

The three names are Dabur chairman Pradeep Burman, Rajkot-based bullion trader Pankaj Chalamanlal Lodhia and Goa-based mining baron Radha Timloo.

Other Indians being investigated for allegedly stashing black money in foreign banks in Switzerland are four from the Congress, according to reports on Monday. Among them is a former minister in Manmohan Singh’s government who lost the Lok Sabha election in May.

In its manifesto for the Lok Sabha elections, the BJP had promised to bring back the black money alleged stashed in foreign banks. However, a controversial application submitted in the Supreme Court earlier this month expressed the NDA government’s inability to reveal the names because of bilateral double taxation treaties India has signed with many countries – an argument that the previous UPA government had also used when the case was heard during their tenure.

The Modi government’s U-turn on black money was severely criticised by the opposition parties, especially the Congress, which accused the Centre of doublespeak and politicising the issue.

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