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Black Money Abroad: 3 Indians Named

PUBLISHED BY: SURENDER KUMAR
OCTOBER 27, 2014

   
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Black Money Abroad: 3 Indians Named

The Centre has affirmed before the Supreme Court the names of three prominent businessmen, who are known to have stashed black money abroad. The three include Pradip Burman, formerly of Dabur group, Goa-based miner Radha S Timblo and bullion trader Pankaj Chimanlal Lodhya has black money. The Centre told the court of its no intention to share all information received from foreign countries will be disclosed in all cases of tax evasion. The government further added that every foreign account held by an Indian may not be illegal and that the names could not be disclosed unless there was a prima facie proof of some wrong doing.

 

The Swiss government has indicated its willingness to provide information on black money in cases where a probe has been done by the IT department.



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