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India Supreme Court Appoints SIT To Probe Black Money

Discussion in 'Breaking News' started by Archived_Member16, Jul 4, 2011.

  1. Archived_Member16

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    SPNer Thinker

    Jan 7, 2005
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    July 4, 2011

    Supreme Court appoints investigation team
    headed by retd judge to probe black money

    Dhananjay Mahapatra, TNN | Jul 4, 2011, 01.14pm IST

    The Supreme Court on Monday appointed Special Investigation Team (SIT) headed by a former SC judge to probe black money issue. Former SC judges - Justice B P Jeevan Reddy and Justice M B Shah - will be the chairman and vice-chairman of the SIT. The team will also include chiefs of the Intelligence Bureau (IB) and Research and Analysis Wing (RAW). The SIT will file first status report in the third week of August.

    The apex court slammed the government for its lethargy in getting the black money back. The court asked the government to disclose names of foreign bank holders against whom I-T proceedings have been concluded. It also told the government that it could not have agreed with other countries under double taxation avoidance treaty not to disclose names of foreign bank account holders who have deposited illicit money abroad.

    The Supreme Court also severely criticized the government's delay in probing black money, Hasan Ali Khan and others and said this was not only against the constitutional mandate but also akin to putting national security in danger.

    source: http://timesofindia.indiatimes.com/...-to-probe-black-money/articleshow/9097788.cms
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