NEW DELHI – The Indian government Saturday said that it has served notices to 17 nationals who have allegedly stashed away black money in foreign banks and action would be taken against them according to law, said a senior government minister.
“We have received a few names and already served notices on 17 persons and prosecution has begun,” Indian Finance Minister Pranab Mukherjee told the media in the eastern city of Kolkata.
However, the minister refused to disclose the names of the account holders. “The government, suo motu, cannot reveal the names because according to treaties, we can only use the information for taxation purposes. We can only reveal the details in the open court when the matter comes up for hearing,” he clarified. The minister’s statement came a day after Indian media published the names of 17 nationals who have allegedly kept their money in foreign banks.
