The parliamentary standing committee on finance headed by senior BJP leader and former finance minister Yashwant Sinha has fixed a meeting on Friday and Saturday to exclusively deal with the black money menace in the context of the latest disclosure coming from France.

It will be grilling economic affairs secretary R Gopalan and enforcement directorate Arun Mathur on the government keeping under wraps names of 700 Indians having deposits in foreign banks totalling around Rs 4,000 crores that were passed on by the France government recently.

Though the government has started selective recovery of income-tax and some of the depositors have also been raided, the committee wants to know why the enforcement directorate has not booked the culprits who have siphoned off money abroad illegally.

Sources said the probing by the committee would not be limited to just the French disclosure but extend to understand all steps the government has taken and what has been result of these steps. Sinha has insisted that the information received from Paris has nothing to do with the treaties with the financial havens and hence the government is not bound by them to keep the names secret.