Black Money: Centre submits a list of 627 account holders to SC

Black Money Centre submits a list of 627 account holders to SCNew Delhi: The Central government of Narendra Modi had submitted list of 627 black money account holders in Supreme Court in a sealed envelope on Wednesday. Meanwhile the apex court had denied opening the sealed envelope and said that only Special Investigative Team (SIT) chairman and Vice Chairman can open the envelope.

Notify that the list has names, account numbers and the amount of money in each account. The apex court has now directed the SIT to submit a status report by the last week of November.

Notify that the apex court had pulled up the Centre and asked it to reveal names of all foreign account holders by Wednesday after which Centre had submitted the list.

The court had said that Special Investigation Team (SIT) will investigate black money and not the government.

Meanwhile a statement had been issued by Finance Minister Arun Jaitley which said that the government will submit all the names and that the probe should be done without offending countries that are helping India on the matter.

Jaitley said, “The government has no difficulty in placing the entire list and the same will be placed before the court tomorrow. The government has already given the list to the court constituted Special Investigating Team on June 27. We are keen that by whatever procedure in accordance with law we must get to the root of the matter.”

Notify that SC had slammed Centre over Black Money issue on Tuesday and said, “You do not do anything. Just pass information of account holders to us and we will pass order for further probe. You do not have to take interest in people having foreign bank accounts, the Special Investigation Team will take care of it.”

The court said, “We can’t leave the issue of bringing back black money to government. It will never happen during our time. Why are you providing protective umbrella to foreign bank account holders.”

Bureau Report

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