27 October 2014

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Black Money Account Holder Three names revealed from 800

Black Money Account Holder Three names revealed from 800

BJP government revealed just disclosed the names of three black money account holders to the Supreme Court on Monday

Following are the three names revealed by BJP government
Pradip Burman, former Executive Director of Dabur group,
Pankaj Chimanlal Lodhiya, a Rajkot based bullion trader

Radha S Timbola, a Goa based miner

There are 138 people on Centre's list of people who have black money stashed away in foreign banks.

The Supreme Court in its judgement on 4th July 2011 after perusing the double Tax Avoidance Agreement between India and Germany emphatically conveyed that there provision or hindrance in the agreement that limits the disclosure of information. The SC also pointed, such a plea is untenable as no agreement can limit infringe upon the principles laid down in our constitution.

Extract of para 58 of the judgement: “The above clause in the relevant agreement with Germany would indicate that, contrary to the assertions of Union of India, there is no absolute bar of secrecy. Comity of nations cannot be predicated upon clauses of secrecy that could hinder constitutional proceedings such as these, or criminal proceedings”.

Subramanium Swamy told CNN-IBN, "I do not know what reasons government has to release only 3 names. I do not see any legal issues in releasing all 700 names. I hope government will release all the names very soon. If they have an Income tax notice, then it is a prosecution. I am sure all of them have got IT notice."

Former BJP leader and senior lawyer Ram Jethmalani too said that he was disappointed with the government's approach in the case.
He told CNN-IBN, "This is a case of putting the mountain before the mole.
It is not a good sign.
But have confidence in judiciary, I am sure we can get to the bottom of this.
Government has set up an SIT, it is for them to investigate not the government.
Why is it getting involved in the investigation?"

Global Financial Integrity (GFI), a Washington-based org  has estimated that Indians had parked USD 462 billion in overseas tax havens between 1948 and 2008.

Government did not revealed  the amount , how much fine what was the case no details revealed

Full protection to rich and mighty by Government

Reality views by sm –

Monday, October 27, 2014

Tags – Black Money Names List