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Black money account holders’ names soon: Jaitley

 NEW DELHI, Oct 21 – On the backfoot on the black money issue, Finance Minister Arun Jaitley today hit back at Congress saying the party would be embarrassed once the names of people holding illicit foreign accounts are made public, reports PTI.

“The names (of black money account holders) will be public shortly... I can assure you there is no embarrassment I (BJP) will have when all the names are disclosed. There is some embarrassment the Congress party will have because of those names,” he said.

Talking to NDTV, Jaitley said the names of those black money account holders against whom charges are filed by Indian authorities would be disclosed in the court shortly.

On the Congress accusing BJP of hypocrisy for its failure to disclose names, Jaitley said the Congress got it all wrong because the media “completely misreported” the case. “The Media said we are not going to disclose it. Our case was we will disclose it as per the due process of law,” he said.

He also said India’s double taxation avoidance agreement with Germany only restrains disclosure of names in media and not in court. “No, it (tax avoidance treaty) did not prevent us from disclosing the names. It merely says disclose it to a court and don’t disclose it to the media. And when you disclose it to a court, it automatically gets carried into the media,” Jaitley said.

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