Goa's Radha Timble among 3 black money holders revealed by Centre

PTI, NEW DELHI | 27 October 2014 20:36 IST

The Centre today filed an affidavit before the Supreme Court in the black money case, naming three prominent businessmen, including Pradip Burman, formerly of Dabur group.

Goa-based miner Radha S Timblo and bullion trader Pankaj Chimanlal Lodhya were the other two businessmen named in the affidavit.

The Centre told the court that it had no intention to withhold the names of persons who have stashed black money abroad and stated that the information received from foreign countries will be disclosed in all cases where tax evasion is established.

Every foreign account held by an Indian may not be illegal, the Centre said, adding that the names cannot be disclosed unless there is prima facie evidence of wrongdoing.

It also told the court that Switzerland has indicated its willingness to provide information on black money in cases where probe has been done by IT department.

The Narendra Modi-led government had said that it could not reveal names received from other countries, as it would be a violation of tax treaties with them.

The television reports also indicated that four members of the Congress Party, including a former minister of the previous UPA regime, are under investigation, and added that their names may be revealed after the probe is completed. Among the four Congress Party members, one belongs to a powerful political family in Maharashtra, the television reports further stated.

The Centre told the court that it had no intention to withhold names of persons who have stashed black money abroad and stated that information received from foreign countries will be disclosed in all cases where tax evasion is established.

Every foreign account held by an Indian may not be illegal, the Centre said, adding that names cannot be disclosed unless there is prima facie evidence of wrongdoing.

It also told the court that Switzerland has indicated willingness to provide information on black money in cases where probe has been done by IT department.

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