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Black money probe hits roadblock

The probe into the alleged black money held by 18 Indians in Liechtenstein’s LGT bank list has hit a dead-end with the Central Board of Direct Taxes (CBDT) refusing to share critical details with the Enforcement Directorate (ED). ED officials who recently questioned nine of the 18 Indians in Mumbai and Kolkata said they are unable to confront the accused with “sufficient evidence” as the CBDT has refused to share the list of witnesses, sanction order related to the bank accounts in LGT and details about Manichi Trust.

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