Indian Government reveals eight names to Supreme Court in black money case

Centre will disclose more names ‘after following due process’
The central government on Monday gave the Supreme court the eight names against whom it has initiated prosecutions under the Income Tax Act for allegedly stashing black money in foreign banks. Dabur India promoter Pradip Burman, bullion trader Pankaj Chamanlal Lodhiya, Goa mining company Timblo Private Ltd and five of its directors were named by the government for holding illegal funds overseas. The government clarified that it was open to disclosing information about other such names received under tax treaties with other countries, but only “after following the due process of law, in all cases where evasion of tax is established.”


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