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The government has completed investigation against persons named in HSBC and Liechtenstein banks for blackmoney stashed abroad and made an assessment totalling around ₹15,000 crore in the two cases.
Disclosing this during the Question Hour in the Rajya Sabha, Finance Minister Arun Jaitley said investigation against 628 persons named in the HSBC list of Indians holding foreign bank accounts has been completed, an assessment to the tune of ₹8,437 crore in 409 of these cases made and 119 prosecutions filed against them.
The government has also assessed each of those named by the Liechtenstein Bank and an assessment of around ₹6,500 crore of undeclared income by them has been made, he said.
Jaitley was responding to a question by veteran lawyer Ram Jethmalani after an almost 30 minutes of acrimonious exchanges between ruling BJP and Opposition members on the issue of black money.
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