STOCK MARKET BSE NSE

CPI Asks Government to Urgently Prosecute Illegal Account Holders

CPI said the onus is now on the government to immediately prosecute those having illegal accounts and confiscate the black money.

Published: 09th February 2015 09:31 PM  |   Last Updated: 09th February 2015 09:31 PM   |  A+A-

HSBC_AP

The HSBC composite index for India, which maps both manufacturing and services, stood at 53.0, whereas for China it was 51.6, Brazil (49.3) and Russia (51.3).| AP/File photo

By PTI

NEW DELHI: With a media report mentioning a fresh list of account holders abroad, CPI today said the onus is now on the government to immediately prosecute those having illegal accounts and confiscate the black money.

"The CPI urges the government to take, without any further delay, necessary steps to bring back the money stashed abroad, prosecute the account holders and confiscate the accounts," the party said in a statement.

Now the "onus lies on the government to take immediate action to bring back the black money stashed abroad and prosecute them as per law," it said.

The statement came after a news report mentioned 1,195 Indian names in the fresh HSBC list, nearly double the 628 names that figured in an earlier list that was shared by the French government with India in 2011.

CPI said the report indicates very "clearly" that these account holders have parked "illegally earned black money" in various foreign banks without informing the government.

"Many account holders are very closely associated with the former UPA and present NDA governments.

"It is also important to recall here that Prime Minister Narendra Modi had during the general elections promised to unearth the black money and transfer from the confiscated amount Rs. 15 lakh to each family," the party said.

After the report, the Government today said it will probe all the new cases and disclosed that it is in touch with a whistle blower to get the names of all the undisclosed Indian accounts in HSBC's Switzerland branch and other destinations.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp