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India targets tax evaders who hide ‘black money’ at home and abroad. A new law imposing stiff tax penalties and up to 10 years in prison has created panic among India’s elite.

by Rama Lakshmi

NEW DELHI — Among the pledges that propelled Indian Prime Minister Narendra Modi to power a year ago was one to bring home millions of dollars of illicit money the super-rich had stashed abroad.

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