What do you think about the SC question to Govt as to why it was reluctant in disclosing info on black money?
"What is the difficulty in disclosing the information," a Bench comprising B Sudershan Reddy and S S Nijjar asked when Solicitor General Gopal Subramanium informed the bench that Government has got the details but did not want to reveal it....
"What is the privilege you are claiming for not disclosing the information (about those who have money deposited in foreign banks)," the Bench asked Subramanium...
The court was hearing a petition filed by noted criminal lawyer Ram Jethmalani, who along with some retired bureaucrats and police officers approached it seeking directions to the government to take steps to bring black money stashed in foreign bank back to the country...
Solicitor General Gopal Subramanium said "I am prepared to give status report on any individual. There is no difficulty in giving status report. We are committed to our position that there has been tax avoidance cases," the SG said.
The court, however, said that it was a serious problem and not only about tax avoidance. "Issues involved in the case are serious and of larger dimension. Its not only about tax-avoidance," the court said.
An interesting comment found, from one Swaminathan, read as follows:
In 1st century BC fiction Pompeia 2nd WIFE of CAESAR is depicted as “EMPTY HEADED”. CAESAR marries her for POLITICAL EXPEDIENCY.
Caesar gave no evidence in a seduction case, but DIVORCED Pompeia with ruling “Caesar’s wife must be above suspicion” and this gave raise to the proverb. (sic)
Well, how do you feel about the development? DR Singh said while forming the new govt after last elections, that the black moneys deposited in Tax Havens would be retrieved in 100 days but never took even the first step in the direction! Now some elite citizens have moved the apex court. What are the probable culmination of the case? Would Swaminathan's story of Caesar enacted in Indian scene?
Share your perceptions. Thanks for your times!
It is strange that he says that PM didn't make such promise to nation about the retrieval of illicit wealth invested in tax havens! Most of the local journals have been discussing this lately and he says otherwise!
The issue of the rape of a minor girl is indeed unfortunate but such things are happening all over the world (just the way some contributors would have us look at corruptions in ruling coterie)
Coming to exposure of the list of persons invested in tax havens, there is a unique question if the details have to be exposed to public! Yes, the public have the right to know, particularly if serious lapses impacting the wealth of the country is involved! Just imagine, how the 2G Spectrum was sought to be buried with easy excuses like ''Raja had followed only previoius govt's procedures'' etc by not less than a person than the PM for months together! But for the media exposures of greater irregularities than the wrong procedure follwed, the CAG report, the public uproar and opposition demands, the matter would have cleanly been buried for good
OK, I shall stop here, since I may get totally diverted from main issue if I should answer all the points outside the scope of the Question, by the disciples of Sibalji!