India will pursue black money, not adventurism: Jaitley
[FONT="]NewDelhi, 18 October 2014[/FONT][FONT="][/FONT]
[FONT="]A dayafter the government told the Supreme Court it can’t yet disclose the names ofpeople who have allegedly stashed their ill-gotten money in tax havens abroad,Finance Minister Arun Jaitley Saturday said the stand was in keeping with thedue process of law.
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He saidthe Prime Minister Narendra Modi’s government will not withhold anyinformation, including names of account holders. But they will be revealedafter following the due process of completing the probe and reachingconclusions.
“TheGermans strongly objected to this as a violation of the DTAA, which was enteredbetween Government of India and Germany on June 19, 1995. The present NDAGovernment has unfortunately inherited the legacy of that DTAA,” he said.
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[FONT="]“If wescrap the treaty, we get no further information. The covenant to the treaty isthat the names of the account holders and information received thereunder willonly be disclosed when charges are filed in court,” he said.
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[FONT="]Jaitleysaid his government stood committed to detect the names, prosecute the guiltyand making them public, but it could not be pushed into adventurism and violatethe treaties.[/FONT]
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[FONT="]“Suchan approach may actually help the account holders. Adventurism will beshort-sighted. A mature approach will take us to the root of the matter.”
[/FONT]http://deshgujarat.com/2014/10/18/india-will-pursue-black-money-not-adventurism-jaitley/[FONT="][/FONT]