Centre Reveals Three Names From Black Money List In Supreme Court

[timmy]

The Centre today named in the Supreme Court two persons and a company that it alleges have parked untaxed or black money in foreign accounts.

Pradip Burman of the Dabur India group, Rajkot-based bullion trader Pankaj Chimanlal Lodhiya and five members of Goa-based mining firm Timblo have been named in the government's affidavit on black money in court. They are being prosecuted for tax evasion as unaccounted for money was found in their foreign accounts, the government has said.

Mr Burman is no longer a part of Dabur, one of India's top consumer goods companies, but he is listed as a promoter.
"We wish to state that this account was opened when he was an NRI, and was legally allowed to open this account. We have followed all the laws and the complete details regarding the account have been voluntarily, and as per law, filed with the Income Tax Department, and appropriate taxes paid," a Dabur spokesperson said.

Pankaj Lodhiya also denied any wrongdoing, saying, "I do not have any Swiss account. I have declared all assets and I have not been served any notice."

Timblo company's Radha Timblo said, "At different times there were some searches, raid and everything but we have to see the affidavit on what basis it has come in our name." 

The government told the court in its affidavit that it has no intention of withholding names and they would be revealed in cases where tax evasion was established.

"Every foreign account held by an Indian may not be illegal and names cannot be disclosed unless there is prima facie evidence of wrongdoing," the government said.

The ruling BJP had faced opposition criticism when it earlier told the court that tax treaties don't allow the disclosure of names till charges are framed in court. The Congress then alleged that the BJP's promise of bringing back black money to India within 100 days of coming to power was bluster.

Today's disclosure comes as sources suggest that four Congress leaders, including a former junior minister, are under investigation for black money.

[timmy]

Black money: Modi government faces criticism over 'selective revelation' of account holders' names

 

Even as the Narendra Modi government took another U-turn and disclosed the names of three black money account holders to the Supreme Court on Monday, questions are being raised about its intent to bring back black money stashed in foreign banks. As the Centre revealed the names of three businessmen and none of the politicos in its affidavit to the Supreme Court on Monday, Congress party lashed out at the government asking it to stop 'cherry picking' names and come out with the complete list.

Although party general secretary Digvijaya Singh could not claim that his colleagues did not have any black money accounts in foreign banks, he dared the central government to name any Congress leader with an illegitimate account abroad.

Meanwhile, former external affairs minister Salman Khurshid targeted Finance Minister Arun Jaitley asking him to explain in detail the treaty which is preventing the government from revealing it all in the black money case. "The government should not indulge in cherry picking, it should transparently come out and explain what the international treaty states. It will be immoral if the BJP picks up only specific names. The Finance Minister needs to explain what are these agreements that is preventing the government from revealing the names. They should also disclose on what basis are the names being declared," he said.

While the opposition continues its tirade of attacks, BJP leader Subramanium Swamy too questioned Centre's hesitance in divulging information about all the black money account holders. "I do not know what reasons government has to release only 3 names. I do not see any legal issues in releasing all 700 names. I hope government will release all the names very soon. If they have an Income Tax notice, then it is a prosecution. I am sure all of them have got IT notice," he said while speaking to CNN-IBN.

Former BJP leader and senior lawyer Ram Jethmalani too said that he was disappointed with the government's approach in the case. He told CNN-IBN, "This is a case of putting the mountain before the mole. It is not a good sign. But have confidence in judiciary, I am sure we can get to the bottom of this. Government has set up an SIT, it is for them to investigate not the government. Why is it getting involved in the investigation."

The central government which had told the Supreme Court that it cannot make the names of black money account holders public, citing the violation of double tax evasion treaty signed by the UPA government, on Monday came out with three names of people who allegedly have black money in their foreign accounts. These names are: Pradip Burman, former Director of Dabur group, Pankaj ChimanLal Lodhiya, a Rajkot based bullion trader and Radha S Timbola, a Goa based miner. 

[biscuitRAJA000]

list lo unde andari perlu bayatapedithe desam alla kallolam ayipotundemo

[timmy]

list lo unde andari perlu bayatapedithe desam alla kallolam ayipotundemo

sagam mandhi business men untaaru. motham stock market padipoddi. foreign investors bayapadathaaru. I guess this is the best approach. 

[pisinari]

UPA has long back revealed these 3 names . nothing new

[timmy]

UPA has long back revealed these 3 names . nothing new

ohh! ok. source plz.

[pisinari]

ohh! ok. source plz.

 

bhayya ET article...twitter lo congress supporters posting it...don't have access to twitter now...will post after going home