Three Names In The Black Money Case Get Revealed
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The Centre has revealed the names of three people against whom prosecution has been initiated for stashing The government had earlier said that revealing all names without scrutinising the illegalities committed by them would violate the right to privacy. As per the rules laid down by the Reserve Bank of India, an individual can legitimately deposit $125,000 in a foreign bank per year. In its earlier affidavit, it had cited bilateral agreements, according to which, names of individuals holding accounts in foreign banks cannot be disclosed unless prosecution for committing irregularities.
Earlier, the Supreme Court had asked the central government to set up a high-level task force to monitor the work of intelligence and law-enforcing agencies in bringing back the black money deposited in foreign banks.
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