Centre names 3 black money hoarders before SC

Inkhabar 2019-03-01

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The Centre on Monday named three Indians, who have been prosecuted for illegally stashing black money in foreign banks, in an additional affidavit before the Supreme Court.

The first list of black money holders in foreign banks include, Pradip Burman, formerly of Dabur group, Goa-based miner Radha S Timblo and Bullion trader Pankaj Chimanlal Lodhya

The Modi government's move came after it faced flak for refusing to make the names of black money hoarders public, citing that it would violate the bilateral treaty conditions.

The apex court had directed the then UPA government to form a special team to look into the black money issue after it was raised by senior SC lawyer Ram Jethmalani.

The Centre wants to steer clear of the controversy that it's following the former UPA government's policy by not revealing the names of foreign account holders.

Taking on the BJP government on its stand on the issue, the Congress alleged that it violated its pre-poll promise of bringing back black money stashed abroad within 100 days of it forming the government.

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