Black money: Congress dares Jaitley to disclose names

The Centre had told the Supreme Court that it cannot disclose the names of Swiss bank account holders.

Updated - November 17, 2021 04:32 am IST

Published - October 22, 2014 03:47 pm IST - New Delhi

In this October 17, 2014 photo, Union Finance Minister Arun Jaitley addresses the media on black money issue in New Delhi.

In this October 17, 2014 photo, Union Finance Minister Arun Jaitley addresses the media on black money issue in New Delhi.

Union Finance Minister Arun Jaitley’s remarks on the black money issue, being construed as an indication that a minister in the erstwhile UPA government could be among those who have stashed away money in a foreign account, has triggered a war of words between the ruling BJP and the Congress.

On Tuesday, in an interview with NDTV , Mr. Jaitley said the Congress would face some embarrassment if the names were made public. The Congress accused the government of resorting to “selective leaks.”

Asked whether he was not denying that a UPA Minister could be in the list of those with an overseas stash, Mr. Jaitley told Times Now television news channel: “I am neither confirming nor denying, I am only smiling….”

Accusing the government of resorting to “blackmail”, Congress general secretary Ajay Maken told the media that without being vindictive or selective, the government should take action against those named in the list.

“It is a worrying development if the BJP is trying to avoid delivering upon the promise, a major pillar of the BJP campaign in the hope of which the people of India had voted them to power,” Mr. Maken said, pointing out that the BJP government had sought modification of the Supreme Court order in July 2011 order, directing the government to reveal the names.

Mr. Maken also criticised the government’s purported decision to reveal only 136 of the 800-odd names, asking for disclosure of all the names.

India received information on account-holders with LGT bank (Liechtenstein) from German tax authorities in March 2009. Two years later, the government received names of 782 people who had accounts with the Geneva branch of HSBC bank, leaked by a former bank employee named Hervé Falciani.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.