In a first, Mauritius gives details of black money

Yielding under “pressure”, Mauritius has for the first time provided bank details of a person being investigated by the Income Tax Department (ITD) for tax evasion and money laundering

“They (Mauritius) have given information related to a person being probed by ITD who had remitted funds from that country to India,” an official said.

While the official refused to provide any further details, he said it is “a major breakthrough” in the government’s effort to track and collect proof against tax evasion and bring back the unaccounted money stashed in tax havens.