New Delhi: Only 27 people out of 627 will be prosecuted for having black money in foreign accounts from next month, as per reports on Thursday.
Also, 289 people have zero balance in the list of Indians who have accounts in HSBC bank, Geneva, in which tax probe for suspected black money has to be completed by March next year.
And 13 accounts belongs to the corporates and trusts, plus 315 are taxable.
Moreover, as per sources 136 account holders will deposit taxes.
The government will reportedly get a mere Rs 750 crores in taxes.
Complying with its directions, the Centre yesterday gave to the Supreme Court a list of 627 Indians who have accounts in HSBC bank in Geneva.
The documents containing correspondence with French authorities, names of the account holders and the status report of the probe conducted so far in black money cases were submitted in separate sealed covers by the Attorney General which the apex court did not open.
Instead, the Court said the envelopes would be opened by Chairman MB Shah and vice chairman Arijit Pasayat, both former judges of the Supreme Court, who are part of the court-appointed Special Investigation Team, and decide on future course of action.
Appearing before a bench headed by Chief Justice H L Dattu, Attorney General Mukul Rohatgi said that some of the account holders have already admitted to having accounts and having paid taxes.
Rohatgi said that details of account holders are of 2006 which were supplied by the French government to the Centre in 2011. Most transactions in those accounts took place during 1999 and 2000 and the last date for completion and assessment in all these cases is March 31, 2015.
With PTI inputs