IT dept to probe 90 from Mumbai named in black money list

The list includes people from several fields, including politicians, real estate developers and bullion traders.

hidden October 29, 2014 22:02:16 IST
IT dept to probe 90 from Mumbai named in black money list

Mumbai: Mumbai Income Tax authorities will soon initiate the process of ascertaining if there was any "criminality" involved in the accounts of 90 individuals from Mumbai whose names figure in the list of 627 Indians submitted by the Centre to the Supreme Court in the black money case.

Sources in the Directorate General of Income Tax (Investigation) department told PTI that of the 627 individuals named in the list, 235 were based in the city.

IT dept to probe 90 from Mumbai named in black money list

Representational Image. Reuters

"We have got confirmation of the accounts of about 90 individuals from Swiss authorities and will begin the process of ascertaining it any criminality was involved," sources said.

Maintaining that just because somebody had a foreign account he cannot be categorised as "black money hoarder", an officer said, "We will verify all the aspects."

The list includes people from several fields, including politicians, real estate developers and bullion traders.

Complying with its directions, the Centre today gave to the Supreme Court a list of 627 Indians who have accounts in HSBC bank, Geneva, in which tax probe for suspected black money has to be completed by March next year.

PTI

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