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SIT likely to submit report on black money to SC today

PTI 20 Aug 2014, 11:54:31 AM IST
New Delhi: The Special Investigation Team (SIT) on black money is expected to submit an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court Wednesday.

The SIT, headed by retired Supreme Court judge Justice M B Shah, met for the first time on June 2 and then separately held meetings with various departments and agencies on the panel over a period of two months.

The SIT, according to sources, is understood to have chronicled a number of potential blackmoney and illegal foreign funds cases that are expected to deliver results in the near future.

A detailed dossier on the recommendations made by the panel to various government agencies in the investigative and enforcement domain is also understood to have been prepared by the panel.

"It will be like an action taken report. The apex court will be informed about the developments which have taken place since the government notified the SIT on the directions of the Supreme Court," sources said yesterday.

The SIT, apart from Justice Shah has another former judge of the apex court, Arijit Pasayat, as its vice-chairman besides 11 members, who are the heads of a number of investigative and enforcement agencies of the country.