After the government submitting a list consisting of 627 names of foreign account holders in the black money case before the Supreme Court, sources claim that there are no big names in the list given, on Thursday.
As case has been handed over to Special Investigation Team by the SC to carry out further necessary investigation, SIT has invited information from the public, who are aware of people having illegal foreign investment.
According to sources, the panel, which includes retired judges and regulators, will release an email id where anyone can give information. Sources said reportedly that “The public can give us credible information on black money. We will investigate that information, but we want credible inputs – do not expect us to go on a fishing expedition."
Adding, they said, "We will not spare anyone." The court has asked the SIT to verify the list and submit a status report by November end.
As per reports, in the next few weeks, the SIT is likely to submit a report on 220 HSBC account-holders to the court. The names were reportedly shared by France in 2011 and the data was allegedly stolen by a bank employee who turned whistle-blower.
On Tuesday, the SC has ordered the government to submit the entire list of names once it disclosed the names of three account holders in the case.
Though the list was handed over to SC in a sealed envelope by morning, it was not clear whether the names will be disclosed for public.
Meanwhile SC had slammed the government while it asked for modification on its earlier order on disclosure of names and also for its reluctance in the issue. The court asked, "Why are you trying to protect people having bank accounts in foreign countries. Why are you providing a protective umbrella for all these people?”
According to reports, Finance Minister Arun Jaitley had said on Tuesday, “The government shall place the list before the Court because the government has already given (the list) to the court constituted Special Investigating Team (on June 27). The government is keen that by whatever procedure in accordance with law we must get to the root of the matter…the government has no difficulty in placing the entire list and the same will be placed before the court on Wednesday.”
However, as per reports, rejecting the Centre’s argument that revealing the identity of legal account holders would amount to breach of privacy, a special bench headed by Chief Justice of India HL Dattu has said, "Don’t give us your list… but the names given to you by France and Germany. If it breaches confidentiality, let it be."
However, Jaitley reportedly said that all illicit foreign account holders will be punished by the government and assured he would do everything possible to bring back the black money to the country.
Meanwhile, the Aam Aadmi Party (AAP) has criticised and accused the government of sparing the "big fishes" holding black money abroad on Wednesday.