Nation's wealth being plundered: SC

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Indian Currency
New Delhi, Jan 19: The Supreme Court (SC) on Wednesday, Jan 19 criticized the government for its inaction over the black money issue and claimed that stashing nation's money in foreign banks, as a theft of national wealth and amounted to plunder of the nation.

“We are talking about mind-boggling crime. We are not on the niceties of various treaties," Court said.

The remark by the bench came when Solicitor general Gopal Subramanium was explaining various steps taken by the government under the Double Taxation Avoidance Act.

The court was unhappy that the government filed an affidavit restricting information relating to the money deposited by 26 persons in Liechtenstein Bank in Germany.

The BJP leaders were pressing the government to reveal the names of the Indians those who have money deposited in foreign banks. On Tuesday, BJP party President Nitin Gadkari claimed that government holding back the names to save its face.

Another BJP leader LK Advani, last week welcomed the SC move in retrieving black money held in foreign banks to India and questioned, government's hesitation in revealing the names.

OneIndia News
(With inputs from PTI)

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