Black money: Govt reveals names of 18 account holders

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Black money: Govt reveals names of 18 account holders
New Delhi, May 1: Finally, the union government on Tuesday revealed in the Supreme Court the names of 18 Indians who allegedly have stashed away black money in Liechtenstein.

The government submitted the report to the court, in a sealed cover. The report contains the details of accounts of 18 people. Reportedly, all 18 are businessman from Delhi, Mumbai, Chennai and Gujarat.

The income tax department has begun prosecution against 17 of them. One has died.

The government had, reportedly, in 2009 received information from the German government about 12 trusts that maintained accounts for 26 Indians with the LGT Bank, said an NDTV report.

The Centre also told the apex court that it continued to oppose the appointment of an independent panel of two retired Supreme Court judges and other members to finalise a blueprint for retrieving the vast amount of black money abroad.

A panel was set up in 2011 t probe the issue.

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