Cong, BJP try to save people with black money: CPI

CPI alleged that both BJP and Congress were on the same page on "saving" those having black money stashed abroad.

Last Updated: Jan 31, 2011, 18:43 PM IST

New Delhi: CPI on Monday alleged that both BJP and Congress were on the same page on "saving" those having black money stashed abroad and demanded that the government should insist on an international pact forbidding deposits from any country with the intention of cheating the other.

In a statement, CPI Central Secretariat said the latest attempt of the government is aimed at making the depositors change their mind and go for voluntary disclosures.
The BJP had in 2009 also proposed that there should be tax and penalty on black money deposited abroad which suggests excusing the culprits and allowing them to launder the money, the party said.

"CPI rejects these tricks of Congress government and BJP`s attempt to save the black money depositors," the statement said.

The party said it has "serious" concerns over the attempts of the government, including about setting up of a study group. It is aimed at shielding and defending those who have deposited money abroad including in Swiss banks, it said.
"The study group is asked to suggest appropriate measures to motivate tax evaders to disclose their unaccounted money in foreign banks. It looks as if it is a consistent policy of the ruling party to save the people with unaccounted money. Setting up a committee is in a way to avoid and postpone any exposure," the statement said.

PTI