India

Black money case: Govt reveals three names t Supreme court

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The central government on Monday disclosed to the Supreme Court the names of three black money account holders.
According to CNN IBN report, the names disclosed are former Dabur Executive Director Pradip Burman, Rajkot-based businessman Pankaj Chimanlal Lodhiya and Goa-based miner Radha S Timblo.

The names were included in an affidavit filed by the government in the apex court. No politician was named by the government in its initial list of the black money account holders.

Prime Minister Narendra Modi-led Bharatiya Janata Party had promised to bring back black money stashed abroad illegally by Indian businessmen and politicians if the party was voted to power.

Finance Minister Arun Jaitley had earlier rubbished allegations by opposition parties that BJP was reluctant in revealing names of people having black money stashed abroad and said that Congress party would be embarrassed if names of people having accounts abroad were released.

The Centre had last week told the Supreme Court that it cannot disclose the names of all those having black money stashed abroad as it violated the double taxation avoidance agreement.

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