The central government Wednesday submitted to the Supreme Court names on black money, of the 627 Indians who are holding accounts in foreign banks revealed to it by the French government.
Attorney General Mukul Rohatgi handed over two sealed envelopes to the apex court bench headed by Chief Justice H.L. Dattu.
Rohatgi said that half of these account holders are Indian residents and these accounts concern till 2006.
He said that action has been initiated into the matter. Some of them have paid taxes while others are under investigation.
The court directed that the sealed envelopes containing 627 names, including correspondence with the French government, be given to Special Investigation Team (SIT) chairman Justice M.B. Shah and vice chairman Justice Arijit Pasayat. The SIT was set up by the apex court July 4, 2011.
The court said the SIT will move into the matter in accordance with the law.
On Tuesday, the central government was directed by the Supreme Court to furnish in a sealed envelope the list of all individuals and entities in its possession who have accounts in overseas banks, legitimate or otherwise.
The directive to this effect came a day after the government gave the court the names of seven individuals and one company, alleging they had funds in bank accounts abroad over which proceedings had been initiated for tax evasion.