It has been reported in some sections of the press that the Central Board
of Direct Taxes (CBDT) has shared details of 18 individuals found to have
stashed illegal funds abroad in LGT bank accounts.
2. In this connection, it is clarified that the CBDT has not shared any
information received under the DTAA with Germany regarding Indians having
accounts in the LGT bank, Liechtenstein, with any other agency. The CBDT has
also not authorized the use of the information received for any purpose other
than tax purposes.
