Centre files affidavit on black money in SC

May 2nd, 2009 - 6:21 pm ICT by ANI  

Manmohan Singh New Delhi, May 2 (ANI): The government of India on Saturday filed an affidavit in the Supreme Court on the steps taken by it on the black money stashed by Indian nationals in Swiss banks.

The Centre assured the apex court that it was doing its level best to retrieve the amount of over Rs. 70 lakh crore in black money believed to be stored in foreign banks by rich Indians.

The affidavit was filed in response to a public Interest Litigation (PIL) filed by former Law Minister and reputed jurist Ram Jethmalani, former Lok Sabha General Secretary Subhash C Kashyap and former Punjab Police chief KPS Gill, who have been seeking court’s direction to the government to bring back the black money.

In the affidavit, the government has claimed that the lawsuit filed against it was ” politically motivated”.

Doubting the intensions of filing the lawsuit in the middle of the general elections, the Centre sought the dismissal of the PIL.

Jethmalani and others had mentioned the petition in front of the Court on April 22. They had alleged that the government was taking no action on the black money issue.

Though the apex court had not issued notice, it had posted the matter for hearing on May 4 after the ASG had promised to file the affidavit within 48 hours.

Dismissing the charges by the petitioners, the ASG had pointed out that Prime Minister Manmohan Singh, in his opening speech at the recent G-20 submit in London, had said that “there should be an absolute transparency and banking secrecy should be over”.

The Swiss banks are said to have the highest deposits by Indians. This fact was exposed after Swiss banks were forced by the US and other Western countries to disclose the details of their nationals who maintain accounts with them.

The issue has recently been raked up by the Bharatiya Janata Party (BJP), who have demanded an immediate action to bring back the unaccounted money from the foreign banks. (ANI)

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