15.7 C
New York
Thursday, May 16, 2024
HomeNewsIndia NewsProbe into Indians named by HSBC, Leichstenstein complete:Govt

Probe into Indians named by HSBC, Leichstenstein complete:Govt

Date:

Related stories

US must renew engagement with Pakistan against Taliban, study suggests

The US Institute of Peace (USIP) has released a...

Sri Lankan forces on high alert ahead of commemoration of LTTE fighters

Security forces in the northern and eastern regions are...

Report reveals Pakistani citizens own properties worth $12.6 billion in Dubai

A new report titled 'Dubai Unlocked' has revealed that...

White House Marine Band plays Indian patriotic song twice

On Monday (13) to celebrate the Heritage month of...

Imran Khan calls for protest in Pakistan over rising gas, power tariff

Former Prime Minister Imran Khan has warned of launching...
 The government has completed investigation against persons named in HSBC and Liechtenstein banks for blackmoney stashed abroad and made an assessment totalling around Rs 15,000 crore in the two cases. Disclosing this during Question Hour in the Rajya Sabha, Finance Minister Arun Jaitley said investigation against 628 persons named in the HSBC list of Indians holding foreign bank accounts has been completed, an assessment to the tune of Rs 8,437 crore in 409 of these cases made and 119 prosecutions filed against them.
 The government has also assessed each of those named by the Liechtenstein Bank and an assessment of around Rs 6,500 crore of undeclared income by them has been made, he said. Jaitley was responding to a question by Ram Jethmalani after an almost 30 minutes of acrimonious exchanges between ruling BJP and opposition members on the issue of black money. The heated arguments began after the 94-year old veteran lawyer and suspended BJP member asked the government whether it had made any effort to get the names of blackmoney holders offered by Germany.
While the opposition accused the government of not doing anything except making false promises of bringing in blackmoney stashed abroad, the government countered it saying several steps have been taken to bring in black money from abroad, including enactment of new laws to check the menace. The House saw trading of charges when Jethmalani accused the Finance Minister of "lies", which infurated the ruling party members who sought an apology. Jethmalani also charged the government with committing a "fraud" on the country."You must expel all of them if you want the House to function," Jethmalani said as he sought silence in the House, to which the Chair said it is an "interesting suggestion but cannot be implemented".
Jethmalani said "the German government has offered to disclose information on account holders stashing black money. Did you make any effort to avail of the offer made publicly by the German government." When ruling party members including Ministers demanded an apology, Jethmalani earlier said that he was 94 years old and "these young men don't have the courtesy to let me speak." Chairman Hamid Ansari kept on chiding the ruling party members and even saying "you are Ministers. You can't do it

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here

fifteen − 3 =