Govt to reveal 60 more names in black money case

The BJP government is likely to reveal about 60 more names against which prosecution for tax evasion has been initiated, as per media reports. The reports further suggest said that the list may include the names of some business houses and individuals.

The income tax department has already finished the investigation and it has also initiated prosecution proceedings against them in accordance with the directions of the Supreme Court-appointed special investigation team (SIT).

The total amount of money in these accounts is approximately Rs 1,500-1,600 crore.

“The disclosure of these names is part of the government’s commitment to curb cases of black money and of illegal funds stashed abroad by Indians. The income tax department aims to get conviction in these cases very fast,” PTI reported.

In December last year, the SIT, headed by Justice MB Shah, had submitted its report to the Supreme Court revealing the names on the HSBC list.