New Delhi, Oct 29 - The central government Wednesday submitted to the Supreme Court names…
NEW DELHI: The Union government on Friday filed an application in the Supreme Court, saying it cannot disclose details of foreign accounts held by Indians which are governed by bilateral double taxation avoidance treaties.
Petitioner and senior advocate Ram Jethmalani said this is an attempt by Narendra Modi government to shield those who stashed black money abroad.
Jethmalani said such a plea could be made only by crooks who have illegally parked their ill-gotten money abroad and not by a democratically elected government.
The apex court agreed to hear Centre’s application on October 28.
Attorney general Mukul Rohatagi said the government cannot reveal names of those foreign account holders against whom no prosecution is launched.
The attorney general told the apex court court that revelation of names of Liechtenstein Bank account holders has been seriously objected to by the German government. The government is on the verge of signing important double taxation avoidance treaties with many countries, including USA in December, the attorney general added.
“If names of those not prosecuted are given out, then it will dry up the foreign government sources which provide the information about Indians stashing illegal money abroad,” Mukul Rohatagi said.
Bharatiya Janata Party would make public the names of 800 Indian account holders in Swiss Banks if it comes into power in the 2014 general elections, senior party leader Yashwant Sinha has said.
“Of course, we will do. Of course, we will do,” Sinha told a small audience at an event organised by a recently formed Washington-based Indian American think-tank Foundation for India and Indian Diaspora Studies (FIIDS).