Nothing new on foreign bank account holders' list, says SIT chief -Governance Now

Nothing new on foreign bank account holders' list, says SIT chief

On Wednesday morning, a list of 627 names of account holders in foreign bank was submitted to the supreme court in a sealed envelope

GN Bureau | October 29, 2014

After the submission of the list of black money account holders to the supreme court (SC), head of the special investigation team (SIT), justice MB Shah said there is no new detail in the report.

According to a news report on IBNLive, Shah said: "I don't think there is anything significant in the report. The list is the same as before. It was known to us. We have to question the people in the list."

On Wednesday morning, a list of 627 names of black money account holders was submitted to the supreme court in a sealed envelope.

The list submitted by the Narendra Modi government has names, account numbers and the amount of money in each account.

The apex court, however, refused to open the list saying that only the special investigation team (SIT) chairman and vice-chairman can open it. It has directed the SIT to submit a status report by November 30.

Attorney General Mukul Rohatgi said the list has details of those who have accounts in the HSBC Bank Geneva, and is provided by the French government. He said the deadline for completion of all investigations into the black money cases is March 31, 2015. Most of the people in the list are Indian residents while the rest are NRIs.

Ram Jethmalani who had accused the Narendra Modi government of going back on the stand taken by UPA regime for disclosing all information and documents supplied by Germany on unaccounted money parked by Indians in Liechtenstein Bank, told reporters minutes before the list was submitted in the court: “When intentions aren't clear, people start finding excuses, let's see what happens in the court today.”

Earlier, finance minister Arun Jaitley had issued a statement saying that the government would submit all the names and that the probe should be done without offending countries that are helping India on the matter.

The list has been submitted a day after the SC pulled up the centre and asked it to reveal names of all the foreign account holders.

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