Black money: three names made public

Black money: three names made public

By: || Updated: 27 Oct 2014 06:09 AM


 

New Delhi: The central government on Monday disclosed names of three people, including industrialist Pradeep Burman, who are holding bank accounts in foreign countries and are now under the lens of Income Tax authorities.

 

The names are: Pradeep Burman, bullion-trader Pankaj Chimanlal Lodhiya, and mining company Timblo Private Limited and its directors Radha Satish Timblo, Chetan S. Timblo, Rohan S. Timblo, Anna C. Timblo and Malika R. Timblo.

 

The affidavit filed by the government says that the name of Pradeep Burman, a member of the promoter family of Dabur India, was received from French authorities and that of Pankaj Chimanlal Lodhiya, and Timblo Private Limited and its directors Radha Satish Timblo, Chetan S.Timblo, Rohan S. Timblo, Anna C. Timblo and Malika R. Timblo from other countries.

 

The government May 1, 2014, has already disclosed 18 names associated with 12 trusts holding account in LGT Bank in Liechtenstein that were received by it March 2009 from the German tax authorities.

 

The government in an affidavit Monday said: "The intention of the present government is clear and unambiguous. The government is keen to unearth the black money held abroad and for that purpose it will use all diplomatic and legal means and also all investigative agencies to obtain information that can assist in such unearthing."