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Home > News > PTI > Report

London banks not bound by Indian SC: Authorities

H S Rao in London | January 17, 2006 00:27 IST

Britain's Crown Prosecutionon Mondaysaid banks in the country were not bound by the Indian Supreme Court's directive to the Indian government and Central Bureau of Investigation to ensure that Italian businessman Ottavio Quattrocchi, an accused in the Bofors case, is not able to withdraw money from his two accounts in a Londonbank.

"The Supreme Court of India's order is not binding on the banks here. The accounts remain defrozen. We have not taken any further action," spokeswoman of CPS, Annabelle McMillan, told PTIMonday afternoon.

"We are continuing to liaise with Indian authorities to provide assistance. We have no way of stopping the money going out of the banks," she said.

Amidst reports that the two bank accounts have been defrozen, the Supreme Courton Mondaydirected the Indian government and CBI to ensure that Quattrocchi did not withdrawmoneyfrom the London banks.

Asked whetherhe would havealready done so,McMillan said, "We have no way of knowing it. Only the banks can reveal that".

Complete coverage: Bofors, the smoking gun

© Copyright 2005 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.


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Number of User Comments: 1




Sub: Qs Accounts

SC order to Central Government is meaningless, while the accounts are held with British Government and no supreme power has right to dictate British Government ...


Posted by Naveen




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