NDA Govt led by Narendra Modi Reveals to Supreme Court of India 3 Names in Black Money Case Monday Oct 27,2014

 

The central government on Monday Oct 27,2014 revealed the names of three people who have allegedly parked black money abroad in its affidavit to the Supreme Court
 

Pradip Burman, former executive director of Dabur Group, is among the names mentioned in the affidavit submitted to the Supreme Court. The other two persons are Ms Radha S Timblo, owner of a mining firm in Goa, and Pankaj Chimanlal Lodhiya, a bullion trader from Rajkot in Rajasthan.
 

The three businessman have been charged under various sections of the Income Tax Act and Money Laundering Act

 

After all the hype and hoopla, the NDA Government’s first list of Indians allegedly hoarding black money abroad submitted in the Supreme Court turned out to be a damp squib on Monday. 

Five months after the much-publicised formation of a Special Investigation Team (SIT) on the Supreme Court orders, all that the Government came out with was the names of seven relatively low-profile business people. 

Pradip Burman (a member of the promoter family of Dabur India), Pankaj Chimanlal Lodhiya (a Rajkot-based bullion trader), Timblo Private Ltd. and Radha Satish Timblo, Chetan S. Timblo, Rohan S. Timblo, Anna C. Timblo and Mallika R. Timblo (a Goa mining company and its five directors) were named in the Finance Ministry’s affidavit. 

The Government said it had launched prosecution against them as part of its drive to unearth black money parked abroad