Govt sends notices to 17 related to black money trail.

"The government on Saturday said it has served notices to 17 persons alleged to have kept untaxed money in foreign banks and prosecution has begun against them, but refused to reveal their names."

The comments, made by Union Finance Minister Pranab Mukherjee in Kolkata, came a day after some media reports revealed names of 15 entities, including individuals and trusts, said to have kept illicit money in LGT Bank of Liechtenstein, an European country neighbouring Switzerland.