Coming down hard on the Government on the issue of
black money , the Supreme Court on Thursday asked why it was "sleeping" all these years and now focusing only on Hasan Ali Khan and not disclosing names of others who have stashed money in foreign banks.
The apex court, which has ticked off the Government agencies for its slow pace in probing the matter, also voiced its disapproval over no progress being made on its suggestion for a thorough probe by a Special Investigating Team.
"Was the Government sleeping all these years on the issue of blackmoney," the court asked.
The apex court said the investigation into the issue of black money required "complete" and "full-fledged" involvement of government as the most important question was about the disclosure of source of money kept in foreign banks which may be terror money or money coming from drug pedaling.
A bench of justices B Sudershan Reddy and S S Nijjar asked the government to explain why its investigation is focussed only on Pune stud farm owner Hassan Ali, accused of money laundering and large-scale tax evasion, and no other name has come out.
"Your whole focus is centred on one individual. Does it mean that all the blackmoney parked in foreign banks belongs to only one person. Is it that blackmoney issue is surrounding around one person. Do you have information beyond that," the bench asked.
Putting the Government in a tight corner, the bench said, "We put it very simply and bluntly. Do you have any information regarding other persons also? It seems there is only one person (Indian) who has bank account in Switzerland and no other persons' account has come under suspicion in Swiss banks," the bench asked the government.
Solicitor General Gopal Subramanium said that the matter has to be investigated on different fronts and the court should ask the RBI to file a report on blackmoney stashed in UBS bank, Switzerland on the basis of which further action could be taken.
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