SEAnews 2016-04-22 ArtNo.45706

【New Delhi】Finance Minister Arun Jaitley has joined the G20 leadership in fighting money laundering, tax evasion and terror financing while calling upon tax havens to become transparent in this regard and share information.
　After a meeting of G20 finance ministers and central bank governors, held on the margins of the World Bank-International Monetary Fund Spring Meetings, and attended by Jaitley and Reserve Bank of India (RBI) Governor Raghuram Rajan from India, a joint communique also warned non-cooperative jurisdictions with "defensive" steps.
　The communique comes when another global expose has surfaced on people with accounts in tax havens, including top politicians. With 500 Indians, too, named in the list, dubbed the "Panama Papers" a probe is currently on by a multi-agency team.
　India does not have any official estimate about the quantum of black money stashed away by its nationals abroad, but unofficial estimate puts it somewhere between $466 billion and $1.4 trillion.
○‘Hidden’ vetoes must go, India tells UN

【Washington】India has sought transparency in the U.N. procedures to designate a group or an individual terrorist. The demand comes days after China blocked its bid to designate Jaish-e-Mohammad chief Masood Azhar a terrorist.
　The existing rules allow Security Council members to oppose any move in the sanctions committees in a clandestine manner and without offering any explanation. The sanctions committees can take decisions only unanimously, and this means any of the 15 members can veto a move. For instance, China put a ‘technical hold’ on action against Azhar, and India came to know only informally from members of the council.
○NIA probes Lashkar link to Samjhauta blasts, seeks US help

【New Delhi】Years after the National Investigation Agency arrested leaders of extremist Hindu groups in connection with the Samjhauta train blasts of 2007, its Director-General Sharad Kumar says the agency has requested the U.S. for information on a key financier of the Lashkar-e-Taiba in the case.
　Mr. Kumar said he had gone to the U.S. “to pursue pending requests under the Mutual Legal Assistance Treaty (MLAT). The case of LeT financier Arif Qasmani was one of them, and we have asked them [U.S. authorities] to send further details of Qasmani’s role in the Samjhauta blasts.”
【News source】

India joins G20 in fighting tax evasion, terror funding

‘Hidden’ vetoes must go, India tells UN

Samjhauta blasts: NIA seeks details of LeT financier Qasmani’s role from US

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