The Centre on Tuesday disclosed in the Supreme Court the names of 18 individuals who had stashed black money in LGT bank in Liechtenstein, as per the information furnished by the German government to India in 2009.
The list, however, did not contain how much each individual had deposited. This information was given to the court in a sealed cover. Solicitor General Mohan Parasaran, appearing for the Centre, filed an affidavit before a three-judge Bench of Justices H.L. Dattu, Ranjana Desai and Madan Lokur containing the names of the individuals.
‘Centre complying with order’
Solicitor General Mohan Parasaran, while filing the affidavit before the Supreme Court on the names of individuals who had stashed black money in LGT bank in Liechtenstein, said the Centre was complying with the court’s direction issued in July 2011 to disclose the information received from Germany under the Indo-German Double Taxation Avoidance Convention.
Mr. Parasaran told the Bench that the information regarding deposits/outstanding amounts in the accounts maintained by 12 trusts/entities, involving 26 individuals of Indian origin, with LGT Bank was received from German tax authorities in March 2009.
Of the 26 cases, investigation in 18 had been concluded by the Income Tax department and prosecution had been initiated in 17 cases (one tax payer had passed away). The names of the 18 individuals were given to the petitioner, senior advocate Ram Jethmalani, but the other details were submitted in the court in a sealed cover.
The names listed in Centre’s affidavit include Mohan Manoj Dhupelia, Ambrish Manoj Dhupelia, Bhavya Manoj Dhupelia, Manoj Dhupelia and Rupal Dhupelia from the Ambrunova Trust and Marline Management.
The others are: Hasmuk Ishwarlal Gandhi, Chintan Hasmukh Gandhi, Madhu Hasmukh Gandhi and the late Mirav Hasmukh Gandhi of the Manichi Trust; Chandrakant Ishwarlal Gandhi, Rajest Chandrakant Gandhi, Viraj Chandrakant Gandhi and Dhanalaxmi Chandrakant Gandhi from the Ruvisha Trust; Arunkumar Ramniklal Mehta and Harshad Ramnikal Mehta from the Dainese Stiftung and Dryade Stiftung Trust; K.M. Mammen from the Webster Foundation, Arun Kochhar from the Urvashi Foundation and Ashok Jaipuria from the Raj Foundation.