BANGALORE: It seems that the nation's movement against black money may not give way to good results, as sources claimed that there are no big names having any links with major political parties or corporate houses in the government's list of 627 foreign account holders that was provided to the Supreme Court by the HSBC Bank, reports Economic Times.

According to the reports by media the entries of those in question are too old and reflected relatively small deposits. The rest of the names in the list of 627 are non-resident Indians who cannot be prosecuted against under Indian tax laws since they enjoy immunity.

Also most of the account entries were old and if the account holders have withdrawn their accounts - meaning the government would not be able to recover huge money even after freezing their assets in cooperation with Swiss authorities, which is also unlikely.

The Special Investigation Team constituted by the Supreme Court to monitor the probe into untaxed money stashed in foreign bank accounts has invited information from the public. The panel included retired judges and regulators that will release an email id where anyone can give information.

According to the sources the public can give them credible information on black money and they will investigate that information, but they would look for credible inputs. The panel will meet to work out details of its inquiry a day after the government submits a list of 627 foreign account holders to the Supreme Court in a sealed envelope.