Most black-money accounts either empty or closed: Report

, Oct 30: The central government on Wednesday submitted a list of 627 black-money account holders to the Supreme Court but the effort to unmask the faces the country is eager to know may fall flat for the account holders managed to transfer the money or even close them, a

said.

[Read: Black Money case: Centre submits 627 names of account holders to SC]

[Read: Black money list: I-T dept to probe 90 names from Mumbai]

The list submitted to the apex court includes names of 150 account holders who have already paid fines and cleared other taxation formalities, which means those accounts can no longer be categorised as black money accounts, said the report. Many accounts were also opened in the name of trusts abroad and the Indian owners of the funds could never be tracked.

UPA govt offered amnesty to people stashing black money: BJP

The BJP on Wednesday accused the previous UPA government of offering amnesty to 100 people stashing black money in foreign banks. "Who are they and what was the amnesty deal between them and the government of India and why did the UPA give them amnesty," the party asked.

The BJP relied on a newspaper article on the subject published in 2012 to buttress its attack on the UPA which was headed by the Congress.

Oneindia News

[With PTI inputs]