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.

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