A new list of Indians with accounts at HSBC in Geneva includes some who have not been investigated so far to determine if they violated tax laws, said sources on the panel of experts that's in charge of identifying and prosecuting citizens who stashed money aboard.
The Special Investigation Team, formed last year, reports to the Supreme Court. Sources on the panel, which includes retired judges, said that the new list - released by Indian Express today - covers a different time period than that that already under scrutiny.
The Special Investigation Team's judicial panel has been probing an HSBC list that pertains to the assessment year of 1999-2000. The list of account-holders shared today is based on data from 2006-07.
SIT sources said they are free to investigate the new information well beyond March 31. Making it clear that their mandate runs "well beyond Swiss Tax Havens", sources said the SIT is open to information from the public in India and abroad. Government sources have confirmed that prosecution charges have already been filed against 60 individuals on the original list of 627 Indians with HSBC accounts in Geneva; another 250 have admitted to having foreign accounts and are being probed further.
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