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Wednesday, January 19, 2011

Money in Foriegn Banks - SC calls as "National Plunder"

According PTI, Money in stashed in foreign banks is not just limited to tax evasion but a "mind boggling crime" its amounting to "theft" and "plunder" of national wealth having security rmaifications said by Supreme Court today.

A bench of comprising Hon'ble Justices B Sudershan Reddy and S S Nijjar said that "It is a pure and simple theft of the national money. We are talking about mind-boggling crime. We are not on the niceties of various treaties,".

This case was just came up into limelight come up on a petition filed by former law minister Ram Jethmalani, and also along with some retired bureaucrats and police officers, approached SC for seeking directions to the government to take steps to bring blackmoney.

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