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150 billion rupees of black money recovered: Pranab

Updated on Jan 25, 2011 11:48 pm IST

India's Finance Minister Pranab Mukherjee on Tuesday said the authorities have discovered cases of tax evasion worth 150 billion rupees in the last 18 months.Speaking at a news conference in New Delhi,Mukherjee refused to name the account holders citing secrecy clauses attached to legal frameworks with different countries,which are used to obtain information on Indian account holders in foreign banks.

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