The government is expected to disclose the names of 60 individuals and Indian entities as prosecution proceedings have been initiated against them.

Speaking to the media on Monday, finance minister Arun Jaitley said that assessment has already been completed for 350 account holders' while the remaining is expected to be completed by  next month end. He said that a prosecution has been launched against 60 people who allegedly had more than Rs 1500 crore  in illegal foreign accounts.

Those who figure in prosecution list include some corporates, business houses and individuals as the income tax department has completed its probe and filed prosecution complaints against these entities, on the directions of the Special Investigation Team (SIT).

The SIT, headed by retired Supreme Court Judge Justice MB Shah, had said in its last report to the government and the Supreme Court in December 2014 that the black money holders names in HSBC Geneva list will be taken to their logical conclusion soon.

In December last, the SIT had submitted a report to the Supreme Court which revealed that persons on the HSBC list held Rs. 4,479 crores in Swiss banks.

In an official statement released by the SIT, it had said that out of 628 names on the HSBC list received from France, 201 are either non-residents or non-traceable, leaving 427 persons' cases as actionable cases.

The Supreme Court had directed the Centre to ensure that the ongoing probe on those suspected of stashing black money in bank accounts abroad is completed by March 2015.

Recovering the black money stashed abroad was also a prominent topic in the ruling Bharatiya Janata Party's election manifesto for the Lok Sabha polls.