Black money list include IPL owner, Chairman-February 5, 2011

Black money list include IPL owner, Chairman

Saturday, February 5, 2011, 9:07 [IST]

New Delhi, Feb 5: The black money witch hunt is on and the defaulters have been revealed by an expose from the Tehelka news magazine on Friday. The list put out by Tehelka gives out the names of 15 individuals who are accused of holding bank accounts in LGT bank of Liechtenstein, a tax haven nation that is located 190 km from Munich, Germany.


The list reveals the names of individuals and trusts that have deposited huge sums of money in these secret accounts. The list was apparently handed over to the Indian government in Mar 2009, but the names were not revealed due to a pact with the German government that the names would not be disclosed.


Here is the list of the 15 individuals/organisations who holds accounts in Liechtenstein:

1.Manoj Dhupelia
2. Rupal Dhupelia
3. Mohan Dhupelia
4. Hasmukh Gandhi
5. Chintan Gandhi
6. Dilip Mehta
7. Arun Mehta
8. Arun Kochar
9. Gunwanti Mehta
10. Rajnikant Mehta
11. Prabodh Mehta
12. Ashok Jaipuria
13. Raj Foundation
14. Urvashi Foundation
15. Ambrunova Trust

Another parallel investigation by popular Indian TV channel Headlines Today had exposed the exact identities of the accused black money holders. The list includes bigwigs like the Kochi IPL owners, the Mehta Brothers. Also in the list is the name of the chairman of a major Indian corporation (name undisclosed).

Read: Pranab Mukherjee plays safe on black money issue

An amount of Rs 52 crore is believed to be parked in the foreign banks at the moment. But this is only a part of the list with many more waiting to be exposed. According to an international group over $462 billion of Indian money is resting in foreign banks.

The black money issue has been a major bone of contention with the UPA government and has received major lashing from the Supreme Court. The Opposition was up in arms against the government's dealing of the issue as well.