Pranab Mukherjee, finance minister said that the names of those who have been disclosed by different countries to the government could not be revealed as the the existing treaty norms with different nations did not allow the government to disclose names.
He further added that the names would be out soon after the guilty would be moved to the court for their prosecution.
Notices have been sent to people across the country by the I-T department and have also carried out search operations as a part of their investigation.
Reports reveal that over 9,900 people and organistaions have been found guilty of hoarding black money in banks abroad that includes the name of some leading industrialists, few from South India and a MP.
Sources also reveal that the finance ministry will act tough and would a criminal prosecution against the accused would be initiated against those who were found guilty.
A directorate of criminal investigation (DCI) had been set up by the finance ministry to clinch down on black money.