Black Money Information Can't be Made Public: PM


New Delhi, Jan 19 (IANS): Prime Minister Manmohan Singh Wednesday made it clear that information on black money stashed in tax havens abroad can't be made public as it will entail violations of its treaty obligations.

"The information will not be made public. It will be a violation of the treaty," Manmohan Singh told reporters when asked about the government's stand on black money stored by Indians in tax havens abroad.

"There is no instant solution to bring back what is called black money. We have got some information and that has been provided to us for use in the collection of taxes," he added.

As per the guidelines of the Organisation of Economic Cooperation and Development (OECD), India has signed independent treaties with a host of countries and territories to share information on illegal transfers, often referred to as black money.

Manmohan Singh's remarks came on a day the Supreme Court voiced displeasure over the government's reluctance in providing full information on the black money stashed by Indians in foreign banks, saying it was a theft of national wealth and amounted to "plunder" of the nation.

BJP president Nitin Gadkari Tuesday had alleged that the government's reluctance to disclose names points the needle of suspicion towards it and dared the Manmohan Singh government to make public the names of Indians who have deposited black money in tax havens.

  

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Comment on this article

  • Raghu, Mangalore/USA

    Fri, Jan 21 2011

    Every intelligent/Knowledgeable Indian knows that it is the main culprit are Politicians, Industrialists, Beuracrats and Businessmen both doing legal and legal business are the ones who have money stashed abroad.

    I just cant understand why our parliament cannot fight the Govt . to open their mouth. Lots of skeltons come come rolling down once WIKILEAKS comes out with names and also chances of our Govt. gettinhg toppled by the disclosures.

    DisAgree Agree Reply Report Abuse

  • Jawar D'Souza, M'Lore/Doha

    Thu, Jan 20 2011

    I dont understand why anyone has to put his money abroad just to avoid some taxes, where and when is he going to use that money. Isnt it good to pay the tax and enjoy the money. May be he has no source o from where the money came from.

    DisAgree Agree Reply Report Abuse

  • Harold Dsouza, Belman, Qatar

    Thu, Jan 20 2011

    Any Govt. come & go..but this will never ending, lots of effort, support, dedication, love to work for people should come out. very hard to get this with any govt. all the parties are corrupted, or some are making other corrupt..!it has to be started from common man like of water makes sea..! hope India will shine with less ( if not full ) corrupted country.

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  • Mrs.Suman V Uthappa, Mangalore/ Dubai

    Thu, Jan 20 2011

    This is unfortunate that a person like MMS has to defend the most corrupt congressmen.

    DisAgree Agree Reply Report Abuse

  • Lydia Lobo, Kadri

    Wed, Jan 19 2011

    Why is Sonia an eye-sore when Swiss-bank issue comes up ? Doesn't anybody else have an account abroad ? Common people - nobody is a saint. We have example of a poor school teacher after tasting telecom ministry we read that his son snorted cocaine in Rs. 500/- notes ! So, don't point fingers at others - rich people evaded taxes by stashing money abroad while we did it by applying unnecessary loans - didn't we ?

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  • venu, pune

    Wed, Jan 19 2011

    prakash kotian, pune

    This PM was not elected, he was chosen( Rajya sabha )

    DisAgree Agree Reply Report Abuse

  • Tony Pinto, Manglore - Dubai

    Wed, Jan 19 2011

    prakash kotian, pune & Sankar, Bangalore you both are sick units grow up first to comments do you know how much money is in SWISS BANK A/C 90% money from this congress dogs so PM and Sonia is hesitation to leak the information.

    DisAgree Agree Reply Report Abuse

  • prakash kotian, pune

    Wed, Jan 19 2011

    pravin,sound like a you knows everything more than wikileaks.respect your PM he elected by our people.tell frist your CM to clean,he cry everyday for his kursi same on you!!!!!!!!

    DisAgree Agree Reply Report Abuse

  • Sankar, Bangalore

    Wed, Jan 19 2011

    Gadkari 1st u punish reddy and cm for their black money.

    DisAgree Agree Reply Report Abuse

  • Pravin, Kaup / Jubail

    Wed, Jan 19 2011

    Mr.PM...your Madam sonia is there in the list ,this statement came from Madam through PM...If he makes black money into public, Maino will kick his back. Poor fellow! He sold his soul in return for Kursi.The best puppet in the world.He may not be the weakest PM but he certainly is the most helpless PM.
    Don't worry PM ..WikiLeaks will decide about this. soon wikileaks will put all the info in public domain

    DisAgree Agree Reply Report Abuse


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