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Steps taken to bring back black money stashed abroad: Moily

Last Updated: Saturday, January 29, 2011 - 18:25

Bangalore: Amid growing Opposition calls
for making public the list of Indians who have stashed black
money abroad, Union Law Minister Veerappa Moily on Saturday said the
UPA Government had nothing to hide on the issue and it was
upto the Supreme Court to reveal the names.
"We are not hiding anything, the Supreme Court has
been given the list in a sealed cover and it is upto it to
reveal the names," Moily told reporters here when asked about
the list of Indians who had parked blackmoney in secret
accounts in banks overseas.

He said the government had "already taken steps to
bring back black money despite treaties coming in the way."

Moily said under the treaty, details about deposits in
other countries could be made available only in case of tax
evasion or violation of foreign exchange laws. The treaty
conditions varies from country to country.
A lot of "pro-active" steps had been taken by the
government in this regard, he said amidst continuing fierce
attacks from opposition which is trying to put the UPA in the
dock demanding disclosure of the names of Indians.

Seeking to turn the tables on the opposition, Moily
sought to know why steps were not taken by the BJP-led NDA
Government to bring back blackmoney held abroad and why they
were making accusations against the UPA government although it
was making "sincere efforts".


First Published: Saturday, January 29, 2011 - 18:25
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