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Black money probe going nowhere as treaties render ED toothless

Despite the political heat over black money accounts, prosecution of offenders seems distant as French and German authorities hold a veto over Indian income tax department sharing details of accounts and individuals with the Enforcement Directorate (ED). Treaty conditions that allow India access to information on accounts held in HSBC Bank, Geneva, and at Liechtenstein in Germany, stipulate that Indian tax officials cannot share black money detail with agencies responsible for criminal investigation without clearance by source countries.

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