The Centre on Monday revealed names of three account holders in the black money case, before the Supreme Court.
According to reports, the names revealed are of Director of the Burman Group Pradip Burman, a Rajkot-based bullion trader Pankaj Chimanlal Lodhiya, and a Goa-based miner and owner of Timblo Pvt Ltd Radha S. Timblo.
Meanwhile, the list have reported names of the politicians belonging to Congress including a former minister of the previous UPA regime are under investigation and reportedly said their names may be revealed once probe is completed.
However, according to a TV reports, out of two in the four-member list belong to powerful political families in the state of Maharashtra.
As per reports, a week ago, it was revealed that the Centre was likely to tell the apex court the names of the people against whom strong evidence exists of stashing away black money in Swiss banks in a major step in its crackdown on India’s parallel economy.
On Monday, the Supreme Court on Monday has given permission to the central government to file an affidavit that may reveal some names of the account holders in foreign banks, which was currently under the lens of the income tax authority.
The Modi government had promised to bring back black money kept by Indians in overseas banks and had repeatedly slammed the Congress led United Progressive Alliance for not taking an effective action anything to bring back the black money and accusing it of shielding the corrupt.
However, expressing reservation on disclosing all information on account holders, the Modi-led government had said that the foreign countries may not give further information and it would also be difficult to get into Double Taxation Avoidance Agreement with other nations.