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Black Money Case: Centre Reveals Names of Three Account Holders

The Centre today filed an affidavit before the Supreme Court in the black money case, naming three prominent businessmen including Pradip Burman, formerly of Dabur group.

Published: 27th October 2014 02:59 PM  |   Last Updated: 27th October 2014 02:59 PM   |  A+A-

By PTI

NEW DELHI: The Centre today filed an affidavit before the Supreme Court in the black money case, naming three prominent businessmen including Pradip Burman, formerly of Dabur group.

Goa-based miner Radha S Timblo and Bullion trader Pankaj Chimanlal Lodhya were the other two businessmen named in the affidavit.

The Centre told the court that it had no intention to withhold names of persons who have stashed black money abroad and stated that information received from foreign countries will be disclosed in all cases where tax evasion is established.

Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing.

It also told the court that Switzerland has indicated willingness to provide information on black money in cases where probe has been done by IT department.

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