New Delhi: Almost two years since the German government handed over a list of 18 Indian nationals who have accounts in the LGT bank of Liechtenstein, a tax haven; Tehelka, a weekly magazine has published 18 names.
Mint could not independently verify this.
The names disclosed by the magazine are Manoj Dhupelia, Rupal Dhupelia, Mohan Dhupelia, Hasmukh Gandhi, Chintan Gandhi, Dilip Mehta, Arun Mehta, Arun Kochar, Gunwanti Mehta, Rajnikant Mehta, Prabodh Mehta, Ashok Jaipuria, Raj Foundation, Urvashi Foundation and Ambrunova Trust. It however did not reveal the exact identity of the account holders yet.
Without naming the company, the magazine claimed that “chairman of a major Indian corporation” also figures in the list of 18 names.
According to a finance ministry report dated 24 January submitted to the parliament standing committee on finance, based on the information provided by LGT bank, Liechtenstein, assessments have been completed in the case of 18 individuals and a demand of Rs.24.26 crores was raised against these individuals.
“Penalty proceedings for concealment of income have separately been initiated in all these cases,” the report stated.
These 18 names are part of the list of 1,400 clients, which were stolen from the databank of LGT Group, the Liechtenstein bank owned by the principality’s ruling family, and passed on to German tax authorities in 2008.
Prime Minister Manmohan Singh and Union Finance Minister Pranab Mukherjee have since said more than once that this list cannot be disclosed in the absence of legal framework.
Mukherjee on 25 January said, “the problem is information which we have obtained has come under some conditions of secrecy. Today, if we disclose tomorrow other countries will not give me the information raising an accusing finger that you do not meet international commitments.”