Govt submits List of 627 Black Money Accounts to SC

The Narendra Modi Government today submitted the list of 627 people having illegal accounts in foreign banks or ‘Black Money’ accounts to the Supreme Court. The government sent the list in a sealed envelope.

However, the Supreme Court refused to open the same and said only SIT chairman and vice chairman can open the seal. It asked SIT to submit status report of its probe by November-end.

The apex court had directed the Centre to submit all the names of Indian account holders in foreign banks by today. The court has been monitoring the investigations into black money since 2009.

In 2011, the court had asked for complete disclosure of information on Indians holding black money abroad.