The
Indian government said today it has no official estimate as to the amount of
black money that has been sent to foreign countries.
"Determination of
black money sent to foreign countries by Indian persons is subject matter of investigation and other follow-up actions by relevant
law enforcement agencies, including
Income Tax Department,
Enforcement Directorate,
CBI etc, which is on-going.
"However, details regarding the amount of money involved in such cases are not maintained centrally," Minister of State for
Finance Jayant Sinha said in a written reply to Rajya Sabha.
When asked what India’s share in black money in tax havens across the world is, he said there is no evidence whether the recent estimate of $152-181 billion by economists from Bank of Italy necessarily represents India's share in
black money stashed abroad.
Image Credit: Indiatimes
