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Black money case — Can't disclose names of foreign account holders, Modi govt tells SC

Why is BJP hesitant to bring back black money? Because they know who it belongs to! #BJPBlackMoneyDhokha pic.twitter.com/ieXK7dw01g — Gladiator! (@AAP_Gladiator) October 17, 2014

This Govt lacks the "Niyat" !! #BJPBlackMoneyDhokha Can't disclose names of foreign account holders, govt tells SC http://t.co/t7uXgYvf8n … — MOUMITA CHOWDHURY (@immoumita) October 17, 2014

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Black money — Switzerland agrees to help India with time-bound information

(With inputs from PTI)

NEW DELHI: Finance minister Arun Jaitley said on Friday that the Modi government was not reluctant to reveal the names of account holders in accordance with the existing law.Defending the government's move in Supreme Court, Jaitley said the details of people under investigation for having black money account can't be revealed till chargesheet has been filed in court."Tax pact signed by Congress govt in 1995 with Germany is constraining Centre from declaring names of persons having black money account," Jaitley said.Earlier in the day, the Union government filed an application in the Supreme Court, saying it cannot disclose details of foreign accounts held by Indians which are governed by bilateral double taxation avoidance treaties.Reacting to Centre's move, petitioner and senior advocate Ram Jethmalani said this was an attempt by Narendra Modi government to shield those who stashed black money abroad.Congress also launched a sharp attack on Prime Minister Narendra Modi and slammed his government for its "sheer hypocrisy" in having told Supreme Court that not all information on black money received from foreign nations can be made public.The finance minister said that the Swiss authorities had agreed to confirm genuineness of the documents relating to foreign bank accounts."Swiss authorities will give details of bank accounts of people who have been investigated by income tax authorities," Jaitley said.