By IANS,
New Delhi : The CPI-M Tuesday accused the government of insincerity on unearthing black money stashed by rich Indians in foreign banks.
The Communist Party of India-Marxist said Finance Minister Pranab Mukherjee’s White Paper on black money presented in parliament “reflects a trite exercise devoid of any political will.
“Neither has any credible estimate of black money stashed abroad been provided by the white paper nor any concrete measures suggested to retrieve the illicit funds.”
It said Indian individuals and entities holding bulk of the illicit wealth in offshore accounts were yet to be identified.
“The white paper disappointingly reiterates the myriad technical difficulties involved in retrieving these huge amounts stashed abroad.”
“The lack of progress in this direction raises doubts over the sincerity of the government on this crucial issue.”
The CPI-M demanded a serious effort to quantify illicit funds stashed abroad by Indians and identify the culprits.
“Undisclosed assets of Indians located abroad should be confiscated by the government as per the provisions of the Income Tax Act.”