Blackmoney: SIT holds full review meeting of cases

The Special Investigation Team (SIT) on black money today held a full meeting to review the work and progress made by various investigative and enforcement agencies by the closure of the last financial year on March 31.

The four-hour long meeting was chaired by SIT Chairman Justice (retd) M B Shah and Vice-Chairman Justice (retd) Arijit Pasayat as they took stock of the individual probes done by the agencies on-board the high powered panel in the last fiscal.

Officials said the meeting was held by the SIT to “obtain updates” from the agencies, threadbare discuss the recent announcements made by the government during Budget to combat the menace and get a status on action taken by them as it is scheduled to file its third report to the Supreme Court on or before May 12.

The prominent SIT members who attended the meeting include Intelligence Bureau Director Dineshwar Sharma, Revenue Secretary Shaktikanta Das, Director of the Enforcement Directorate (ED) Rajan Katoch, ED Special Director Karnal Singh, SIT Advisor K V Chowdary, CBDT Chairperson Anita Kapur and Narcotics Control Bureau’s (NCB) Deputy Director General A K Jaiswal among others.

Officials said the agencies submitted detailed reports to the two SIT heads even as some more dossiers are expected to be submitted soon by the Department of Revenue to it in this regard.

The Central Board of Direct Taxes, the apex policy making body of the I-T department, also briefed the panel about the exchange of information it has made in this regard with various countries across the globe.

The SIT was formed by the apex court and notified by the government last year to combat the menace of illegal assets stashed abroad by way of fastening the probe in these cases, suggesting better policy measures and ensuring a strict regime in this regard.