Black Money Shocker: Names revealed, Modi govt exposes 7 business tycoons

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Black Money
New Delhi, Oct 27: Narendra Modi government at the centre finally revealed names in connection with Black Money case. Following the Supreme Court's statement that government can file affidavit revealing names of black money account holders, the central government on Monday, Oct 27 names of three business tycoons.

Who are these business tycoons?

The three names are -- Pradip Burman, Director of Dabur Group; Pankaj Chimanlal Lodhia, Rajkot based bullion trader and Ms Radha S Timblo, a Goa based miner. Apart from this, five of Timblo's directors  Chetan Timblo, Rohan Timblo, Anna Timblo and Mallika Timblo were also figured in the affidavit filed in the Supreme Court by the government.

The affidavit stated that Burman's name was provided by the French authorities and the rest of the names were furnished by other countries.

While commenting on the government's decision of revealing the names in the apex court, BJP leader Sambit Patra was quoted as saying, "Today is a historic day in the black money case, the process of disclosure of names has started." [Read: Black Money: Modi govt reveals more names now]

Burman Group's official statement:

Meanwhile Burman Group issued official statement denying government's report on black money. The statement claimed, "We followed all laws and complete details regarding bank account have been voluntarily filed with the IT Department and appropriate taxes paid."

The statement also added, "Account was opened when Pradip Burman was NRI and he was legally allowed to open this account in foreign banks." 

Lodhiya's statement over allegations against him:

Meanwhile, another person, who has been named in the list, Pankaj Chimanlal Lodhiya said, "I have no idea how I was named in the list of Black Money holders."

The Narendra Modi government had promised that it would bring back all the black money that was stashed abroad. But a few days back it said that the names and details of the people involved could not be made public. This has led to a war of words between the BJP and the Congress.

Finance Minister Arun Jaitley had said that when the government reveals the names many Congress leaders will be embarrassed. Congress reacted to this and said that the government instead of blackmailing the Congress should just reveal the names as it is.

OneIndia News

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