28 October 2014

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Government reveals five more names from Black money names list

Government reveals five more names from Black money names list

Pressure from Indian citizens and Supreme Court of India Government has started to reveal the names of Black Money Holders names

Supreme Court, in its 2011 order, had directed complete disclosure of information on people who have black money abroad

The UPA government had in April placed before the apex court names of 26 taxpayers allegedly holding untaxed amounts in LGT Bank in Liechtenstein, including eight against whom no clear case was made out, in two sealed covers. Of these, names of only 17 against whom prosecutions were launched were disclosed.

As per media reports Government holds the list which contains names of 800 Indians who kept black money outside India, in foreign banks.

Following are the total 8 names of which are revealed by government of India, by BJP government

1-Dabur India promoter Pradip Burman

2-Bullion trader Pankaj Chamanlal Lodhiya

3-Goa mining company Timblo Private Ltd five of its directors —

4-Radha Satish Timblo

5-Chetan S Timblo

6-Rohan S Timblo

7-Anna C Timblo

8-Mallika R Timblo

Goan mining magnate Radha S. Timblo, accused of stashing black money in a Swiss bank, was indicted by an apex court committee in 2012 for illegally operating a mining lease with a questionable power of attorney executed by a Pakistani national

The apex court's Central Empowered Committee (CEC) which was probing several aspects of Goa's illegal mining scam, in its report to the Supreme Court said that the Timblo's company had been operating a mine in the name of a foreign national, which is a violation of the Mining Concession Rules, 1960.

"The ownership and control of the said lease by the Timblo family (via firm Timblo Pvt. Ltd.) was justified by them by producing before the state government another power of attorney dated November 5, 1997, stated to have been executed by Mavani in favour of Radha S. Timblo. In the said power of attorney, it is mentioned that Mavani is staying in Karachi, Pakistan," the CEC report had said, adding that the power of attorney was neither notarized, nor signed in witnesses' presence.

The state of Goa was fully aware of the serious illegalities involved. However, instead of taking punitive action in accordance with the law, it disregarded the serious illegalities and chose to grant renewal of the mining lease in favour of the partnership firm owned and under control of Timblo family, which should not have been permitted," it added

NGO Association for Democratic Reforms in a major revelation claimed that an accused Timblo Private Limited had donated huge amounts of money to the Bharatiya Janata Party (BJP) and the Congress.
The report claims that Timblo Pvt Ltd donated nine times to the BJP amounting to a total of Rs 1.18 crore and thrice to Congress, amounting to a total of Rs 65 lakh in seven years. The report has been made by an analysis of the donations made by individuals and corporates to the national parties between Fiscal Year 2004-05 and 2011-12.

The report also claims that the BJP's donations report for the FY 2011-12 lists the name of Chamanbhai Lodhiya from Rajkot who had donated a total of Rs 51,000 to the party.

BJP leader Subramanian Swamy on Monday alleged that Congress president Sonia Gandhi and her son Rahul Gandhi are on the list of people who have stashed black money in safe havens abroad.
At least eight former cabinet ministers of the Congress are on the list," said Swamy while reacting to the government's move revealing the names of three persons in the black money case to the Supreme Court.

Media also reported that the names of 'Preneet Kaur' and a name similar to one of Narayan Rane's sons allegedly feature on the HSBC list of Indians with Swiss bank accounts.

Kaur, the former minister of state at the ministry of external affairs in the UPA government, and Narayan Rane, former Maharashtra chief minister and till recently a Congress minister in the Prithviraj Chavan-led government in the state both did not comment on the news.

Narayan Rane has two sons, Nilesh and Nitesh.
Nilesh Rane, who was elected to the Lok Sabha in 2009, lost his election in May.
His younger brother Nitesh won the October 15 assembly election from the Konkan while his father was defeated by a Shiv Sena candidate

Rediff  sought clarifications from Kaur and Rane, but both leaders did not speak to this correspondent. Nor did they deny or confirm the e-mail queries.

Hindu reported that
Former Union Minister in the UPA government Preneet Kaur on Monday said she had received an Income-Tax Department notice in 2011 regarding the purported existence of a foreign bank account in her name.
“In this regard, I can confirm receiving such a notice in 2011, and strongly denying the allegation. In keeping with my reply to the I-T Department, I would like to state that I never had, and do not have, any bank account(s) overseas in my name with any foreign bank,” said Ms. Kaur.

AAP chief and former Delhi Chief Minister Arvind Kejriwal also tweeted that Radha Timblo, named by the government in the Supreme Court as one among those against whom prosecution has been launched in the black money case, had donated Rs 1.1 crore to BJP and Rs 65 lakh to Congress.

“Today, government has disclosed three names, one of which happens to be Pradip Burman. This name was there in the list disclosed by us and hence, it further validates our earlier disclosure. Let the government clarify whether other names mentioned also appear in that list or not,” 

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