Date: November 10, 2014

To
The Chairperson,
SIT on Black Money,
Ashoka Hotel,
New Delhi.

Dear Sir,
The present NDA government has made the following three U-turns on the issue of black money after
forming the government at centre. Therefore, the Supreme Court and the Supreme Court led SIT remain
the only hope for the people of India to get black money back to India and to get the guilty punished.
1. Prime Minister himself said in his speeches during elections that lakhs of crores of black money
was stashed abroad. He promised the people that he would bring this money back to India and
Rs 3 lakhs would be given gratis to each citizen from this amount. However, now the Prime
Minister said in his Mann ki baat recently that he was not sure of how much money was lying
abroad and it could even be just a few crores.
2. BJP had repeatedly demanded disclosure of the names on the list during UPA government. BJP
even went to the extent of stalling Parliament proceedings when UPA refused to disclose those
names. BJP promised to disclose these names when voted to power. However, after forming
government at the centre, now NDA refuses to disclose those names citing exactly the same
reasons which were being cited by previous UPA government.
3. BJP promised to bring back black money within 100 days. Now they say they are not sure when
would it come. In fact, they are not even sure whether it would come at all.
Why did BJP make sudden U-turns just within a few months of forming the government? It seems this is
because some of the names on the list are believed to be close to BJP. Some people even believe that
some of these names could even have funded BJP.
The proximity of two prominent persons to the Prime Minister, whose names are on the list, has
become well known recently. These two names are Sh Mukesh Ambani and Sh Anil Ambani. The Prime
Minister recently announced 9 people as his brand ambassadors for swachh bharat abhiyan. Mr Anil
Ambani was named one of them. Subsequently, the Prime Minister went for the inauguration of Mr
Mukesh Ambanis hospital. The speech of Ms Nita Ambani, wife of Sh Mukesh Ambani, was tweeted by
PMOs handle live during the ceremony. A photograph of Mr Mukesh Ambani putting his hand around

Mr Modi is doing the rounds, which shows how close Mr Mukesh Ambani is to the Prime Minister. The
photograph is attached herewith.
We are writing all this to prove that a message has gone to the entire bureaucracy that some of the
names on the list are very close to the new Prime Minister (incidentally, they were close to the previous
Prime Minister too) and that no action should be taken against them. We are told that now, no one in
the bureaucracy has the courage to take any strict action against the high and mighty on the list.
Information received from reliable whistleblowers tells us that selective action is being taken against
those on the list depending upon how powerful one is. This selective action falls in following categories:
1. Some people have been raided, interrogated and made to pay taxes, penalty and are now being
prosecuted. Why similar action has not been taken against others?
2. Around 200 people on the list were made to sign consent that they did not have objection if
HSBC Bank provided their complete bank statements to Indian government. We understand that
HSBC has provided complete bank statements of around 100 such people. The bank statements
provided by HSBC match with the balance written in the governments list. This establishes the
credibility of this list. If some people have been made to sign consent statements and their
complete statements obtained, then why this action has not been take against others? Also, we
are told that those who have signed consent statements are being unofficially granted
immunity from prosecution. Why?
3. The most powerful people on this list including some people from the Ambani family have been
let off by making them revise their earlier returns in back date. They have been let off without
any investigations. No penalty or prosecution has been launched against them. Why have they
been selectively let off and not subjected to investigations, penalty and prosecution as in other
cases?
This clearly shows that action is being taken against those on the list selectively. Income Tax Department
raided the premises of a few entities. These people confessed having illegal moneys in bank accounts
abroad. They also told the entire modus operandi of how these accounts are opened and operated.
They informed the income tax authorities that the Indian branches of these foreign banks provide home
delivery services to High Networth Individuals (HNI) in India to open and operate bank accounts abroad.
A person does not need to travel abroad even once to open or operate an account. The representatives
from these banks approach HNIs in India, collect cash from them and open their bank accounts in their
foreign branch. If that person needs to operate the account, he/she merely makes a phone call to the
Indian branch and services are provided at his door step. Copies of statements made by 3 people whose
premises were raided by income tax authorities are annexed.
This clearly shows that these banks are directly involved in encouraging tax evasion and are transferring
funds across borders through hawala. However, the government has not taken any action against these
banks. If strong action were taken against these banks and their officials, these banks would provide
complete list of all Indian accountholders in their foreign branches. This is exactly how US government
was able to pressurize these banks into giving the list of all US citizens who had accounts in their foreign
branches.
The source of these funds also needs to be established. In our opinion, tax evasion in these cases is a
small issue. Source and destination of these funds could be some crime also. These funds could either be

sourced from or their destination could be for extortion, murder, terrorism etc. Even if the money has
been siphoned from the accounts of any company through under or overinvoicing, it still constitutes a
criminal activity. Therefore, this information should be passed onto other agencies and source and
destination of these funds ought to be established.
In nutshell, we would urge SIT to take following action:
1. SIT should send a strongly worded message to all investigating agencies and its officials that
howsoever mighty one be, same investigating procedures should be applied to all. No one
should be let off. If any officer is found to be lenient against anyone on the list, the officer would
be proceeded against.
2. Those on the list should not be selectively investigated. Similar action should be taken against all
of them. The revised returns filed by the most powerful people on this list should be rejected
and they should be subjected to same investigations as others.
3. Complete bank statements (from the time that the account was opened till date) of all names on
the list should be obtained from HSBC.
4. Each transaction in each bank statement (both credit and debit) should be investigated. This
would lead to newer accounts as each transaction would involve a new person who may also
have an illicit account.
5. The foreign banks which indulged in hawala and who encouraged tax evasion should be
proceeded against and compelled to give complete lists of all Indian accountholders in their
branches abroad.
6. This information should be shared with other agencies to investigate the source and destination
of these funds to find out if these funds had anything to do with any criminal activity.
We are confident that if the government shows political will and undertakes honest investigations, it is
possible to get most of the black money back to India. However, it appears that first the UPA and now
the NDA do not have the political will.
Aam Admi Party is fully committed to get black money back to India and to get the guilty punished. We
would be more than willing to help you in any way whenever you need us.
I have filed an affidavit in Supreme Court in this regard. The same is annexed hereto.
Warm regards
Yours sincerely

Arvind Kejriwal

Prashant Bhushan