Supreme Court asks Centre to reveal all names in the #BlackMoney list tomorrow

[Jason bourne]

#BreakingNews | Supreme Court asks Centre to reveal all names in the #BlackMoney list tomorrow

 

[JanjaWeed]

Will it be made public though? or.. is it once again a sealed envelope job?

 

[Jason bourne]

Will it be made public though? or.. is it once again a sealed envelope job?

In sealed envelop.

You give us names, we will decide how to investigate: SC tells Centre on black money issue.
News Flash: India Today - Breaking News from India, World, Business and Politics"

 

[kaykay]

We want big fishes and not just smaller ones. Hope BJP won't disappoint us.

 

[Abingdonboy]

In sealed envelop.

You give us names, we will decide how to investigate: SC tells Centre on black money issue.
News Flash: India Today - Breaking News from India, World, Business and Politics"

That makes sense and is the sensible thing to do. Giving into public pressure and simply releasing these names to the public would go against treaties India has signed up to with the Swiss and Germans and might actually let a lot of the wrongdoers get away scott free.

Let the authorities investigate them and once they are officially charged the names will come into the public domain anyway.

 

[JanjaWeed]

In sealed envelop.

You give us names, we will decide how to investigate: SC tells Centre on black money issue.
News Flash: India Today - Breaking News from India, World, Business and Politics"

That's it then! It will never be made public... looks like SC is going to scuttle this issue by taking this on board. Just a reaction to what happened yesterday... & making sure that no more names goes to public. Government can wash their hands off saying it's upto SC now. Everyone is the winner.. apart from ordinary tax paying Indian public!

 

[Abingdonboy]

We want big fishes and not just smaller ones. Hope BJP won't disappoint us.

Any names are good, this shouldn't be all about "big" names, but a through process where as many offenders are brought to book as possible regardless of the scale of their wrongdoing. That would send out a VERY powerful message.

That's it then! It will never be made public... looks like SC is going to scuttle this issue by taking this on board. Just a reaction to what happened yesterday... & making sure that no more names goes to public. Government can wash their hands off saying it's upto SC now. Everyone is the winner.. apart from ordinary tax paying Indian public!

I don't agree at all. It is the SC that is being very active on this front and demanding the GoIs take action on this front. But, like I have said, you can't just name and shame people, India needs to actually charge these people otherwise the treaties that have led to such names being handed over will be breached and no other tax haven will want to cooperate with India. This is how it has to be, now these individuals will be further investigated and where possible charged.

This can't be covered up now the electorate won't accept it and it seems the SC and GoI are on the same page on this issue (that, perhaps, wasn't the case with previous GoIs).

 

[OrionHunter]

Why the big issue of releasing names? WTF are we gonna do with the goddamn list anyway?

What we need is the black money to come back to India pronto, which I fear is never going to happen except for a few crores at the most. And Rajnath Singh during his election campaign had said that the BJP would get back all the black money - enough to fill the pockets of every Indian with Rs 15 Lakhs!!

Here's a gift to Rajnath Singh.....

 

[RKO]

Who the hell cares about names..... we want our money back.... focus on it NDA!!

 

[Abingdonboy]

Why the big issue of releasing names? WTF are we gonna do with the goddamn list anyway?

The GoI (Jaitley) have said the relevant Indian agencies are working on cases against the individuals on the list and will soon be pressing official charges against them- you are right that the releasing of the names is utterly meaningless.

 

[Trawllu]

I don't agree at all. It is the SC that is being very active on this front and demanding the GoIs take action on this front. But, like I have said, you can't just name and shame people, India needs to actually charge these people otherwise the treaties that have led to such names being handed over will be breached and no other tax haven will want to cooperate with India. This is how it has to be, now these individuals will be further investigated and where possible charged.

This can't be covered up now the electorate won't accept it and it seems the SC and GoI are on the same page on this issue (that, perhaps, wasn't the case with previous GoIs).

india has received no names under any treaties

these are names which germany had obtained in clandestine way from an employee - no official hand over

these is stolen data

so by releasing these names there is no breach of treaty

 

[kaykay]

Any names are good, this shouldn't be all about "big" names, but a through process where as many offenders are brought to book as possible regardless of the scale of their wrongdoing. That would send out a VERY powerful message.

I agree. Though my concern was that big and powerful culprits must not be escaped along with others.
PS: Yes It would deliver a very powerful message.

 

[Cheetah786]

#BreakingNews | Supreme Court asks Centre to reveal all names in the #BlackMoney list tomorrow

Asif Zardari and Nawaz Sharif top of the list.

 

[sancho]

We want big fishes and not just smaller ones. Hope BJP won't disappoint us.

Do we? Do we really want only the big hype in the media, or do we want the black money back and more over the reduction of black money at all? Names in the public to point fingers simply doesn't improve the situation. We have running cases against names the UPA government provided to the SC years ago and the case is still ongoing. Same will be the case with any name the NDA now brings, because we all know that these cases will take years till a result is clear and even if they are convicted, we can only charge them in India, but getting the money back from foreign countries is a totally different case, since they are not bound to Indian law. That's where foreign politics will be the important point to change things. But at the end of the day, most of the blackmoney is in India itself and why don't we try to get that first, under Indian laws, without foreign politics needed?
If India wants to change, it has to do it in India first, be it cleaning the country or fighting corruption and blackmoney!

Let the authorities investigate them and once they are officially charged the names will come into the public domain anyway.

But being investigated because your name is on the list, doesn't make you guilty! I read that one of the first names on the list admitted to have a foreign account, but that he was an NRI when he opened it, which is not illegal at all. Also interesting the economical implications of these hyping of names in the public, without "proving" that the names are guilty, with shares of companies of these named people dropping rapidly, even if the company itself is not related to the case.

 

[janon]

Asif Zardari and Nawaz Sharif top of the list.

When Benazir Bhutto was PM, it was rumoured that she had at least $1.5 billion of black income stashed away in several accounts in Swiss banks. There's a reason that Zardari got the name "Mr ten percent"!

I think everybody is missing the wood for the trees here. It's not really the money that could be brought back that is important - that might not mean much to a large economy like India. I'm pretty sure the amount will not be as high as Rajnath Singh and others have claimed - for corrupt people to have siphoned off 15 lakh rupees per population of India, there had to be that much money in India to take away, in the first place.

It's not the money itself that matters, what is more important is identifying who accumulated money through illegal activities or corrupt practices, and how. For example, one of the three people who's names have been revealed, Ms Radha Timblo, is believed to have made all that money through illegal mining in Goa, using fake licenses. Identifying such practices and putting an end to those, and jailing such people is what will take us forward. That is how the real end of corruption will come about, not simply by bringing back some illegally obtained money. The monetary value of a bribe will be nothing, compared to the money earned through whatever that bribe was supposed to achieve.

So instead of celebrating some money brought back, let's work to expose the systems through which corrupt practices loot the country.