Can't Name Black Money Holders: Government

Published: 18th October 2014 06:01 AM  |   Last Updated: 18th October 2014 06:01 AM   |  A+A-

NEW DELHI: The Centre on Friday told the Supreme Court that it cannot disclose details of people who have stashed their money in foreign banks, since revealing the same would be in violation of India’s Double Taxation Avoidance Agreement (DTAA) with other countries and would make it difficult to sign the pact with other countries.

In an application running into over 1,000 pages, Attorney General Mukul Rohatgi said the German government has raised objection on making public names of the Indian account holders in LGT Bank, Liechtenstein. After hearing the Centre’s contention, the court posted the case for October 28.

Surprised by the stand taken by the NDA government, which had promised to bring back black money during campaigning for the Lok Sabha polls, senior advocate and petitioner Ram Jethmalani accused the government of  “trying to save the culprits”. More: P15

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