After the government submitting a list consisting of 627 names of foreign account holders in the black money case in a sealed envelope before the Supreme Court, it decided not to make the name list public on Wednesday.
The case has been handed over to Special Investigation Team by the SC to carry out further necessary investigation. According to reports, the court asked the SIT to verify the list and submit a status report by November end.
On Tuesday, the SC has ordered the government to submit the entire list of names once it disclosed the names of three account holders in the case.
Though the list was handed over to SC in a sealed envelope by morning, it was not clear whether the names will be disclosed for public.
Meanwhile SC had slammed the government while it asked for modification on its earlier order on disclosure of names and also for its reluctance in the issue. The court asked, "Why are you trying to protect people having bank accounts in foreign countries. Why are you providing a protective umbrella for all these people?”
According to reports, Finance Minister Arun Jaitley had said on Tuesday, “The government shall place the list before the Court because the government has already given (the list) to the court constituted Special Investigating Team (on June 27). The government is keen that by whatever procedure in accordance with law we must get to the root of the matter…the government has no difficulty in placing the entire list and the same will be placed before the court on Wednesday.”
However, as per reports, rejecting the Centre’s argument that revealing the identity of legal account holders would amount to breach of privacy, a special bench headed by Chief Justice of India HL Dattu has said, "Don’t give us your list… but the names given to you by France and Germany. If it breaches confidentiality, let it be."
However, Jaitley reportedly said that all illicit foreign account holders will be punished by the government and assured he would do everything possible to bring back the black money to the country.
Jaitley said, “The truth about these names and also these accounts must come out so that penal action can be taken against the people and the money lying there can be brought back to India."
He added, "The government has no difficulty whatsoever with any agency investigating this matter because there is nobody the government wants to protect in this case so that those whose names have come must really be investigated and punished according to law.”