Quick Links

    cricketnext

    News

    SC slams Centre for inaction on Swiss a/c data

    New Delhi: The Supreme Court on Wednesday slammed the Centre over inaction on the details of black money in Swiss banks in its possession.

    Rapping the government for its releuctance in coming forward with the full information on the black money stashed by Indians in foreign banks, the Supreme court said it was a mind-boggling theft of national money.

    "We are talking of theft of national money. We are talking of a mind-boggling crime. We want to know if this is the only information govt has on black money stashed in foreign banks," the SC observed.

    "It is a pure and simple theft of the national money. We are talking about mind-boggling crime. We are not on the niceties of various treaties," remarked a bench comprising justices B Sudershan Reddy and S S Nijjar, while hearing a petition by former Law Minister Ram Jethmalani and others for retrieving Indian black money stashed in foreign banks.

    The remark by the bench came when Solicitor general Gopal Subramanium was explaining various steps taken by the government under the Double Taxation Avoidance Act.

    The court was unhappy that the government filed an affidavit restricting information relating to the money deposited by 26 persons in Liechtenstein Bank in Germany.

    "This is all the information you have or you have something more?," the bench asked.

    "We are talking about the huge money. That is the plunder of nation," the bench remarked.

    Meanwhile, the government told the apex court that it cannot disclose the names of the people having accounts in Leichstein Bank as there is a double taxation avoidance agreement involved.

    The court also said that the filed PIL filed is not only limited to black money parked in Liechtenstein Bank, but also concerns about the black money stashed in other banks.

    (With PTI inputs)