Moneylife » Economy & Nation » Money & Banking » No official reports of black money of companies in foreign banks: Government
No official reports of black money of companies in foreign banks: Government
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| 29/11/2012 04:54 PM |
In a written reply Minister of State for Finance SS Palanimanickam said there are no official or authentic reports of large scale stashing of black money belonging to corporate houses in foreign banks
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Comment
NSriramamurty 6 months ago
While all other Countries in the Globe are Using the Information from France & switzerland to trace out How the Account Holders Got the Money and whether any Illegal activity is involved and Prosecuting them,Indian Authorities are telling Stories to Indians that GOI got the information only on Assurance to forign Countries that GOI do utilise the Information ONLY to Recover some Income TAX from them without revealing the Account Holders Names & their Amounts stashed outside.While All Indias fear that it ill--gotten Money involves BLACK Money & Illegal Money , GOI does look into that Angle at all - Obviouly to Protect those Individuals for Mutual Benefit.
disgusting Situation.