Black money: List of tax evaders revealed

Centre has so far refused to disclose the names of major tax evaders provided by Germany.

Updated: Feb 04, 2011, 23:48 PM IST

New Delhi: A list of 15 individuals and
trusts allegedly holding secret accounts in the tax of haven
of Lichetenstein was released by a news magazine Friday.
The list had been handed over to the Indian government
in March, 2009 and the government had taken the stand that the
names could not be disclosed because these had been given
by the German government on confidential terms.

The list released by Tehelka news magazine contains the names of 12
individuals and three foundations without their address and
the business they are involved in as also the amounts they
have allegedly stashed in these accounts.
The magazine said it had approached each of the
individuals involved and was awaiting their response pending
which they are not not giving details though it had given the
names.

According to the magazine, the name of the chairman of
a major Indian corporation was on the list but it had decided
to hold back the name because it was awaiting "his full
version".

PTI