This Article is From Jan 19, 2011

Tracking black money: Centre to tell Supreme Court if it will give names

New Delhi: The Centre will inform the Supreme Court today whether it will reveal the names of those who have deposited their black money in the LTG Bank in Germany.

The case relates to petition filed by noted lawyer Ram Jethmalani and others for bringing black money amounting to around 70 lakh crores.

During the last hearing the Centre told court it was privileged information and could not be disclosed.

The top court rapped the Centre asking why it's reluctant to disclose the names.

The court asked, "What is the difficulty in disclosing the names of people holding these accounts? The Centre should file a reply explaining why these names should not be made public. The matter is serious and its dimensions huge."

The government had earlier submitted a list of the names of some people who have such accounts in a German bank, in a sealed cover.


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