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Black money: 121 cases filed against HSBC's Geneva account holders

The Income Tax department has filed 121 cases of prosecution against those entities whose names have appeared in the HSBC Geneva bank list, Finance Minister Arun Jaitley said on Friday

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Finance Minister Arun Jaitley

Finance Minister Arun Jaitley

New Delhi: The Income Tax department has filed 121 cases of prosecution against those entities whose names have appeared in the HSBC Geneva bank list, Finance Minister Arun Jaitley said on Friday.

"If I understand correctly, the assessment of 100 of those cases has been completed and 121 prosecutions have been filed by the tax department against those who were caught with the accounts abroad," he said here, addressing the foundation day of the Enforcement Directorate.

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