Black money SIT meets, charts out roadmap

The meeting was attended by former Supreme Court Judge Arijit Pasayat as its vice chairman and top officials of 11 agencies and departments.

By: ENS Economic Bureau | New Delhi | Published:June 3, 2014 1:29 am
Justice  MB Shah (left) and Justice Arijit Pasayat after attending the first meeting of the SIT on black money at North Block in New Delhi on Monday. (Source: Express photo by Renuka Puri) Justice MB Shah (left) and Justice Arijit Pasayat after attending the first meeting of the SIT on black money at North Block in New Delhi on Monday. (Source: Express photo by Renuka Puri)

The Special Investigation Team (SIT) set up by the Centre to probe cases of unaccounted funds stashed away abroad by Indians held its first meeting on Monday, wherein the roadmap of how to proceed on the issue was discussed.

In a near two-hour long meeting, the SIT, headed by retired Supreme Court Judge MB Shah, discussed the modalities of proceeding further with the SC mandate.

The finance ministry came out with a brief statement late in the evening saying that “during the meeting, detailed modalities of proceeding further with the Supreme Court mandate were discussed and the roadmap decided.” Without elaborating on the roadmap, the statement said the next meeting of the SIT will be convened “shortly” to take stock of the follow-up of the decisions taken at Monday’s meeting.

The meeting was attended by former Supreme Court Judge Arijit Pasayat as its vice chairman and top officials of 11 agencies and departments.

The SIT was recently constituted to implement the decision of the Supreme Court on tracking money stashed abroad by evading taxes or generated through unlawful activities.

The SIT, as ordered by the court, includes the revenue secretary, directors of the Central Bureau of Investigation, the Intelligence Bureau, Research and Analysis Wing and the Enforcement Directorate, chairman of the Central Board of Direct Taxes, and a deputy governor of the Reserve Bank of India.

Neither Shah nor Pasayat spoke about the details of the meeting. “It was a good meeting,” was all that Shah said. (With PTI)

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