Finance Minister Arun Jaitley told the Rajya Sabha on Tuesday that assessment proceedings had already taken place in all the HSBC and Liechtenstein accounts that were found to be unlawful and undeclared income of up to ₹6,500 crore had already been found.
He said probe against 628 persons named in the HSBC list of Indians holding foreign bank accounts had been completed, an assessment to the tune of ₹8,437 crore in 409 of these cases made and 119 prosecutions filed against them.
He was answering a question by senior member Ram Jethmalani on whether the government had taken any effort to get the names of Indians who had stashed black money abroad from the Germans. Mr. Jethmalani was interrupted many a time by Treasury Benches as he sought to take on the Centre.