The Centre on Saturday stated that investigations are in progress with the tax authorities of other countries against those who have stashed black money abroad to obtain more information regarding the reported account holders, a day after IAC activist Arvind Kejriwal’s accused the government of being silent on the issue.
Though Kejriwal had alleged that HSBC had indulged in money-laundering activities, which was denied by the bank, the government did not take the name of any bank on Saturday.
“Appropriate action has been taken on these cases based on information received last year from the French government. Fur-ther action, including assessment, tax collection and levy of penalty, will be taken as per the provisions of the Income Tax Act, 1961, and based on the facts of each case,” the government said.
It added that information was received in June last year from France relating to certain bank accounts reportedly held by certain individuals and non-individuals in a foreign bank.