SC orders Indian govt to disclose names of all black money account holders

New Delhi/October 28 (NG News)
The Supreme Court of India on Tuesday ordered Indian government to disclose the names of all persons who had stashed black money in foreign country bank.

Indian government had earlier sought modification in of its order on black money on disclosing names of account holders in foreign banks.

The Supreme Court said that the Union government cannot seek modification in order as it was passed in an open court and was accepted by the government.

After the court’s direction, Union Finance Minister Arun Jaitley said that the government would submit names of all black money account holders in the court.

Earlier on Monday, Indian government had disclosed eight names including Pradip Burman, Dabur India promoter, Rajkot-based bullion dealer Pankaj Chimanlal Lodhiya and Goa company Timblo Private Limited and its five Directors Radha S Timblo, Chetan Timblo, Rohan Timblo, Anna Timblo and Mrs Mallika Timblo.