Black Money in Foreign Banks - Question is not whether to disclose names, but when to do so - FM
REPLYING to the debate on Black Money in the Rajya Sabha, Finance Minister Arun Jaitley said,
From 627 names, 427 identified; assessments will be completed; 250 have admitted to having foreign accounts.
If we indulge in an adventurist populist stance - put everything on the net - this will help the account holders.
The issue is not whether to disclose the names of the account holders; the issue is when to disclose.
The offence is committed in India; the money is Indian, but is now abroad.
We have done more in 100 days than any other Government.
In our Message Board, an eminent consultant had observed, "Any dubious money would long have vanished from the accounts, not sit around to be brought back!"
Mayawati said something similar yesterday in the Rajya Sabha, "This is in the air that most of the people have already withdrawn their black money from banks."