The government claimed that the authorities have been able to unearth Rs33,000 crore, which was earlier not taxed, through the “voluntary seeding” of Aadhaar with PAN cards. Photo: Hemant Mishra/MintNew Delhi: How can Aadhaar curb the menace of money laundering which poses a threat to the economy, the Supreme Court asked the centre on Wednesday. Chandrachud and Ashok Bhushan, said, “there is no doubt that money laundering is a problem. “If there is an overwhelming public interest, then there is no need to apply the ‘least intrusive’ test to test the validity of the (Aadhaar) law. Dwelling on Aadhaar-PAN linking, Mehta said the “problem of multiple PAN cards to the same individual and PAN cards in the name of fictitious individuals are common medium of money laundering, tax-evasion, creation and channelling of black money.

Source: Mint April 11, 2018 15:33 UTC