‘Disclosure of names will embarrass Cong’
23 Oct 2014 5:13 AM IST
In an interview with a television channel, Jaitley said, ‘Our government has never said that it will not reveal the names of Indians in connection with the black money case. The tax treaties are preventing us from disclosing the names till the charges are framed in court.’
He said that the government was expediting the process and it would not be long before the government brings back the black money stashed abroad. ‘The moment we will inform the court, the names of Indians in black money case will automatically come out in public,’ he added dismissing the media reports and allegations made by the Congress party to the contrary.
‘They all got this story wrong. It’s the Congress who needs to be worried, not the BJP. The tax treaties that compel confidentiality at this stage of investigation were signed by the Congress government in 1995.
The Congress will be embarrassed by the names when we reveal them in court,’ finance minister said.
On the context of a separate list of nearly 500 Indians who had accounts at HSBC in Switzerland, which was scrutinised by the government, he said, ‘Switzerland has agreed to share information about those Indians against whom evidence has already been collected in India by tax officials and this is a major achievement for the NDA government considering Switzerland’s law over confidentiality.’
On 17 October, the NDA government had urged the Supreme Court to modify its order in the black money case over the complete disclosure of people who had stashed money abroad in foreign banks.
Attorney General Mukul Rohatgi filed a fresh application before a bench led by chief justice H L Dattu, which put it up for hearing on 28 October.
He said that the government was expediting the process and it would not be long before the government brings back the black money stashed abroad. ‘The moment we will inform the court, the names of Indians in black money case will automatically come out in public,’ he added dismissing the media reports and allegations made by the Congress party to the contrary.
‘They all got this story wrong. It’s the Congress who needs to be worried, not the BJP. The tax treaties that compel confidentiality at this stage of investigation were signed by the Congress government in 1995.
The Congress will be embarrassed by the names when we reveal them in court,’ finance minister said.
On the context of a separate list of nearly 500 Indians who had accounts at HSBC in Switzerland, which was scrutinised by the government, he said, ‘Switzerland has agreed to share information about those Indians against whom evidence has already been collected in India by tax officials and this is a major achievement for the NDA government considering Switzerland’s law over confidentiality.’
On 17 October, the NDA government had urged the Supreme Court to modify its order in the black money case over the complete disclosure of people who had stashed money abroad in foreign banks.
Attorney General Mukul Rohatgi filed a fresh application before a bench led by chief justice H L Dattu, which put it up for hearing on 28 October.
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