Monday, October 27, 2014

Black money case: India names three black money holder account

Posted by Anup Baral October 27,2014 :



The Centre has disclosed the Supreme Court three names including that of Pradip Burman, one of Dabur India, a bullion trader and Goa miners against whom it has started prosecution for allegedly stashing blackmoney in foreign banks.Stating that the disclosed names were received from French tax authorities and prosecution had been launched against them under the provisions of the Income Tax Act, the Centre’s affidavit said, “The government is committed to disclose names of persons holding illegal money abroad. While Burman's name was received from French authorities the names of Lodhia and others have been received from "other countries".However, every account held by an Indian in a foreign country may not be illegal and the fundamental right of citizens to privacy under Article 21 of the Constitution cannot be ignored.”

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