In an affidavit submitted before the Supreme Court, the Centre today revealed the names of three Indians holding illegal foreign bank accounts that are being investigated in connection with untaxed or black money.
Attorney General Mukul Rohatgi filed the affidavit before a Bench headed by Chief Justice H L Dattu regarding the same. The names revealed are former Dabur group executive Pradip Burman, Rajkot-based bullion trader and jeweller Pankaj Chimanlal Lodhia and Goa miner Radha S Timblo.
Centre in its affidavit said, every foreign account held by an Indian may not be illegal and names cannot be disclosed unless there is prima facie evidence of wrong doing. It said, information received from foreign countries will be disclosed in all cases where tax evasion is established and the government had no intention to withhold names of persons who have stashed black money abroad.
The Narendra Modi government had promised to bring back black money but recently told the apex court that the names cannot be revealed because of the restrictions imposed by Double Taxation Avoidance Agreement.
It also told the apex court that Switzerland has indicated willingness to provide information on black money in cases where probe has been done by IT department.