Action taken on money stashed in foreign banks: Govt tells SC | delhi | Hindustan Times
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Action taken on money stashed in foreign banks: Govt tells SC

The government on Wednesday questioned in the Supreme Court the filing of a petition during election time on the issue of black money stashed in foreign banks and said action has already been taken in this regard.

delhi Updated: Apr 22, 2009 19:07 IST

The government on Wednesday questioned in the Supreme Court the filing of a petition during election time on the issue of black money stashed in foreign banks and said action has already been taken in this regard.

"We will file an affidavit within 48 hours even though we have taken action," Additional Solicitor General Gopal Subramanium told a Bench headed by Chief Justice K G Balakrishnan which posted the mattter for hearing on May 4.

Government questioned the timing of filing of the PIL by former Law Minister and eminent jurist Ram Jethmalani and five others including former Punjab DGP K P S Gill and former Secretary General of Lok Sabha Subhash Kashyap.

"Government is acting on the matter and to receive the petition during the election time leaves ground for mystification," the ASG said when the PIL seeking a direction to take action to bring back money to the tune of Rs 70 lakh crore stashed in foreign banks was mentioned by senior advocate Anil Divan.

Subramanium refuted the allegation that government was not taking action on the issue and pointed out that Prime Minister Manmohan Singh, in his opening speech at the recent G-20 submit in London, had said that "there should be an absolute transparency and banking secrecy should be over".

"We are the leaders in seeking transparency in these types of matters," the ASG said and had a dig at the petitioners by saying that they have not noted the speech of the Prime Minister at the G-20 submit.