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The Left parties today asked the government to confiscate the black money allegedly stashed in Swiss Bank accounts and make the names of the account-holders public. “Government should not only obtain full details of these accounts, but also make the names of the account-holders public and bring the money back to the country for investment in social projects,” party leader Sitaram Yechury told reporters here.

In a statement, the CPI(M) Politburo said the “laxity” of the UPA Government in unearthing black money stashed in Swiss Bank accounts and other tax havens “has been exposed by the recent observations of the Supreme Court”.

It said the “unaccounted and ill-gotten wealth, amassed through tax evasion, money laundering and other illegal means, parked in these Swiss Bank accounts should be directly confiscated by the Union Government from the Swiss Banks.

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