Govt to SC: Will reveal names of foreign bank account holders

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New Delhi, Feb 10 (PTI) The Centre today assured theSupreme Court that it would reveal the names of persons, whohave stashed black money in foreign banks after registering aformal case against them.

Solicitor General Gopal Subramanium, appearing beforea bench headed by Justice B Sudershan Reddy, said thegovernment has issued show cause notices against the personsaccused of having black money in foreign banks and once a caseis registered against them, their names will be made public.

The bench also asked the government to ensure thatHasan Ali Khan, a Pune-based businessman, accused of stashingmoney in foreign banks, does not leave the country.

"It''s your duty to ensure that he is available to faceprosecution," the court said when Subramanium informed it thatHasan is in India and the government is taking all necessarysteps against him.

The court was hearing a petition filed by noted lawyerRam Jethmalani and some former bureaucrats seeking the court''sdirection to the government to bring black money, said to bethe tune of 1 trillion US dollars, back to the country.

Senior advocate Anil Divan appearing for Jethmalanicontended that the government is not taking effective steps inthis direction.

Referring to an article in which it was reported thatLetters Rogatory have been issued to authorities in fivecountries -- UAE, UK, USA, Singapore and Hong Kong -- seekinginformation regarding black money, he submitted that nothingmore has been done in this regard.

Countering Divan''s arguments, the solicitor generalaccepted that Letter Rogatory has been issued and said thegovernment has taken "remarkable" steps in the case of blackmoney.

Placing before the court a sealed envelope,Subramanium said all this information has been given in it.

At the end of the brief hearing, the bench askedwhether Hasan Ali can be made a party to the proceedingsbefore it.

The court then adjourned the matter for furtherhearing on March 3.

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