Repatriating stashed money
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By K.N. Pandita
We are fortunate in having an upright judiciary in our country that protects the rights of people and ensures the sovereignty of the state. In times when civil society drifts into aberrations that are obnoxious to the health of the state, the judicial structure, when approached, does the rescue exercise and ensures that the country keeps on right track. This is one of the great boons of democratic dispensation.
There are many memorable and historic pronouncements made by the Supreme Court from time to time that have reset the direction of the course of events. History will record these corrective initiatives in laudable terms.
Recently, the Supreme Court made one such pronouncement that will have far reaching impact on the economic and moral health of the country. In fact the matter of recurring corruptions was under discussion at the apex court when it said that there should be no reason for the government not to disclose the identity of persons and organizations that have stashed big monies in foreign banks. Continue Reading…