NEW DELHI: A list of 15 individuals and trusts allegedly holding secret accounts in the tax haven of Liechtenstein was released by Tehelka news magazine on Thursday.
The list had been handed over to the Indian government in March, 2009 and the government had taken the stand that the names could not be disclosed because these had been given by the German government on confidential terms.
Investigation by the Central Board of Direct Taxes against the individuals and entities figuring in the list are believed to be close to completion. They are expected to be prosecuted under various provisions of Income Tax Act.
The list released by Tehelka contains the names of 12 individuals and three foundations without their addresses and the business they are involved in as also the amounts they have allegedly stashed in these accounts.
The list released by the magazine contains the following names:
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
The magazine said it had approached each of the individuals involved and was awaiting their response pending which it is not giving details though it had given the names.
According to the magazine, the name of the chairman of a major Indian corporation was on the list but it had decided to hold back the name because it was awaiting "his full version".
CNN-IBN channel has named four trusts as belonging to Indians — Ambrunova Trust, Marline Management SA, Marnichi Trust and Socalo Stiftung.
Is Kochi franchise in trouble again?
The controversial Kochi franchise in the Indian Premier League (IPL) could be in serious trouble yet again if media reports are to be believed. Headlines Today carried reports of a Friday development that Rosy Blue owner Harshad Mehta — who owns 12% stake in the Kochi franchise — is being investigated by the Enforcement Directorate in India and parallel authorities in Antwerp ( Belgium ) for holding secret accounts in overseas tax havens.
TOI could not confirm this independently but it was learnt that the board ( BCCI ) is taking serious view of the report that has surfaced on the news channel. Unconfirmed reports further added that board called for an urgent meeting in this regard and the matter will be investigated.
Mehta is currently in Dubai and neither he nor any of the Kochi team co-owners could be contacted.
The list had been handed over to the Indian government in March, 2009 and the government had taken the stand that the names could not be disclosed because these had been given by the German government on confidential terms.
Investigation by the Central Board of Direct Taxes against the individuals and entities figuring in the list are believed to be close to completion. They are expected to be prosecuted under various provisions of Income Tax Act.
The list released by Tehelka contains the names of 12 individuals and three foundations without their addresses and the business they are involved in as also the amounts they have allegedly stashed in these accounts.
The list released by the magazine contains the following names:
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
The magazine said it had approached each of the individuals involved and was awaiting their response pending which it is not giving details though it had given the names.
According to the magazine, the name of the chairman of a major Indian corporation was on the list but it had decided to hold back the name because it was awaiting "his full version".
CNN-IBN channel has named four trusts as belonging to Indians — Ambrunova Trust, Marline Management SA, Marnichi Trust and Socalo Stiftung.
Is Kochi franchise in trouble again?
The controversial Kochi franchise in the Indian Premier League (IPL) could be in serious trouble yet again if media reports are to be believed. Headlines Today carried reports of a Friday development that Rosy Blue owner Harshad Mehta — who owns 12% stake in the Kochi franchise — is being investigated by the Enforcement Directorate in India and parallel authorities in Antwerp ( Belgium ) for holding secret accounts in overseas tax havens.
TOI could not confirm this independently but it was learnt that the board ( BCCI ) is taking serious view of the report that has surfaced on the news channel. Unconfirmed reports further added that board called for an urgent meeting in this regard and the matter will be investigated.
Mehta is currently in Dubai and neither he nor any of the Kochi team co-owners could be contacted.
