Black money issue: Names to be made public once prosecution is launched, says MoS(R)

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Black money issue: Names to be made public once prosecution is launched, says MoS(R) By TII News Service Mar 28, 2011 , New Delhi
THE Minister of State in the Ministry of Finance, Mr S S Palanimanickam, in a letter to Dr. Subramanyan Swamy informed him that information received under the DTAA cannot be made public and can be used only for tax purposes. This clearly shows that the plea taken by the Solicitor General of India on behalf of Government of India before the Supreme Court is in accordance with law. The Minister also informed Dr. Swamy that the German authorities, while actually handing over the information, have emphasized that the information is subject to the confidentiality provisions of the DTAA and may be used only for the tax purposes specified therein. It is however assured that once prosecution is launched, the names would become public!

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