Talking to reporters here on Saturday Finance Minister Pranab Mukherjee said that details could be revealed in the open court when the matter comes up for hearing.
“We have already started prosecution, notices are being issued in case of 17 persons, one person is dead, so, no prosecution could be given and I told in my earlier press conference as and when there would be prosecutions, and the matter will come to the open court, then the names would be disclosed, but government suo moto, cannot disclose the names” Mukherjee said .
According to reports, the government has launched a five pronged strategy to combat the menace of illicit funds generated by tax evasion and corruption. It maintains that double taxation avoidance agreement and the tax information exchange agreements are the two instruments under which information on illicit funds could be obtained from the severance government and other tax haven jurisdiction. Fifteen thousand crore rupees of undisclosed income has been detected in the last 18 months by the Income tax authorities. Apart from this, over 3400 crore rupees have been collected by the Directorate of International Taxation.