Don't doubt Modi govt's intention on black money: Baba Ramdev

In his first comments after the government submitted 627 names of foreign bank account holders to the Supreme Court, Baba Ramdev said he doesn’t doubt Narendra Modi government's intention on the matter.

New Delhi: In his first comments after the government submitted 627 names of foreign bank account holders to the Supreme Court, Baba Ramdev said he doesn’t doubt Narendra Modi government's intention on the matter.

Ramdev, who had launched a nationwide campaign against black money, said, “I do not doubt Modi government's intent on bringing back black money but the speed of action has gone slow.”

“We have names of only about 800 people and the amount may not be that much. While the probe may take time but they (Centre) must reveal the amount of black money involved,” he said while speaking to a news channel.

“This is just a drop in the ocean of money channelled out of India as black money,” Ramdev said.

The yoga guru turned activist further stressed the need for the government to formulate a strategy to bring back black money from abroad.

As one of the possible measures, Ramdev suggested that the government should encourage people to bring the money back on their own by giving them immunity from prosecution.

On the 627 names in the list provided by the government, Ramdev said that the names should be made public while also pointing out that the names are from a list that was stolen by an HSBC employee and not through action by the bank against black money holders.

“It is from one branch of HSBC, what about UBS bank, not one name has been revealed by that bank in all these years,” he said.

Ramdev also reiterated his old demand that black money be declared a national property by the government of India.