Kolkata (Agencies): Union Finance Minister Pranab Mukherjee on Saturday said the government has served notices to 17 persons in relation to black money stashed in Swiss Banks, but it is not possible to reveal their names.

"We have received a few names and already served notices on 17 persons and prosecution has begun," said Pranab Mukherjee.

He said that the government cannot reveal the names of account holders who have stashed their money away in Swiss banks as the information can only be used for taxation purposes.

"The government, suo motu, cannot reveal the names because according to treaty we can only use the information for taxation purposes. We can only reveal the details in the open court when the matter comes up for hearing," Mukherjee said.

Mukherjee's announcement comes a day after the list of Indians with black money stashed in the LGT Bank  of Liechtenstein was revealed by the Tehelka magazine. The magazine claims it has the names of 18 Indians on the list which was handed to the government by German authorities.

Mukherjee earlier said the government could not reveal the names of those on the list as that would violate the secrecy clause in the pact it signed with Germany.

READ MORE: List of Indians with black money abroad

READ MORE: BJP slams Govt for not disclosing names