Wednesday, January 19, 2011

Govt on black money issue Sc Pulls Up

It said the government was wrong in treating black money as a tax issue and going into niceties when it was simple and pure theft of the Indian economy. The court said information from banks in all countries was needed.

Criticizing the government for not making public all the names on the list, the apex court said plunder of the nation had taken place.

Meanwhile, a Congress spokesperson said the government was doing everything possible to bring back the black money stashed abroad.

On Tuesday, senior BJP leader L K Advani referring to the issue had said he had great hope that the Supreme Court would act on the issue of black money stashed in foreign banks as people like  and K P S Gill have taken up the matter.

"Eminent people like Ram Jethmalani, Subash Kashyap and K P S Gill have approached the court on the issue. I have a great hope in the Supreme Court," Advani had said.

"An international organisation has said that more than Rs 20 lakh crore of Indian money is stashed is foreign banks. If it is brought back, it will satisfy infrastructure needs of the country," Advani said.



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