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Black money: Centre likely to reveal three names in SC today; no politician may be on the list

The three account holders whose names are likely to be revealed before the SC are the ones against whom prosecution has been initiated by the government.

Ashok Bagriya |

Updated:October 27, 2014, 8:06 AM IST
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Black money: Centre likely to reveal three names in SC today; no politician may be on the list
The three account holders whose names are likely to be revealed before the SC are the ones against whom prosecution has been initiated by the government.

New Delhi: The central government is likely to disclose the names of three people who have black money stashed abroad in its affidavit to the Supreme Court on Monday.

In the affidavit, the Centre is likely to explain its stand in the black money case where it had told the apex court last week that it cannot disclose the names of account holders as it would be a violation of the double taxation avoidance agreement.

The three names likely to be disclosed today will not have a politician's name, say sources. They are the ones against whom prosecution has been initiated by the government.

Black money may have been the pet theme of the Narendra Modi lead Bharatiya Janata Party during the 2014 election campaign but the saffron brigade took a U-turn when it expressed its apprehensions to divulge information about the black money account holders.

Switzerland has promised to co-operate with India on black money saying that it will examine requests for banking information on a priority basis but a former Swiss Bank employee and a whistleblower Rudolf Elemer says that India must press for names and figures.

"To be fair here, there is a lot of talk going on and promises made, but understand that the Indian government is the world champion in delaying things especially about information. Therefore, as long as the Indian government does not have facts, names and figures, it is not positive move for present government. At the end of the day you need to have the information - client's name, amount, if there is no deadline agreed on, then you're still in the air and you don't know if you are going to receive the information tomorrow or in 2019 when Switzerland implements automatic information exchange", Elmer said.

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