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The Centre has set up a 10-member high-level committee, headed by the revenue secretary in the Finance Ministry, for ensuring a coordinated probe in the black money case in order to unravel all possible methods of generation of such ill-gotten wealth - terror, drugs, arms, corruption, business malpractices and anything else.
Among the members of the committee are the Reserve Bank of India Deputy Governor and the Directors of CBI, Intelligence Bureau, Enforcement Directorate and the Financial Intelligence Unit (FIU) of the Finance Ministry. The other members are the Chairman of the Central Board of Direct Taxes (CBDT), Directors General of the Narcotics Control Bureau and Revenue Intelligence and Joint Secretary (Foreign Trade) in the Finance Ministry.
Solicitor General Gopal Subramanium gave this information today to a Supreme Court Bench comprising Justices B Sudershan Reddy and SS Nijjar which is hearing a bunch of PILs seeking a directive to the government to bring back black money, estimated at $ 1.4 trillion, stashed in secret overseas bank accounts.
The committee was set up on April 22 despite it being a holiday on account of Good Friday in view of the urgency and the magnitude of the problem, the SG said. The PIL petitioners have urged the SC to set up a SIT to conduct the probe as, according to them, the government has been deliberately going slow on the issue. The government has set up the panel after the Bench sought its response to the SIT demand. The SC has also pointed out that the investigations so far had been restricted to Pune-based businessman Hasan Ali Khan and his associates and a few foreign bank accounts.
Among the members of the committee are the Reserve Bank of India Deputy Governor and the Directors of CBI, Intelligence Bureau, Enforcement Directorate and the Financial Intelligence Unit (FIU) of the Finance Ministry. The other members are the Chairman of the Central Board of Direct Taxes (CBDT), Directors General of the Narcotics Control Bureau and Revenue Intelligence and Joint Secretary (Foreign Trade) in the Finance Ministry.
Solicitor General Gopal Subramanium gave this information today to a Supreme Court Bench comprising Justices B Sudershan Reddy and SS Nijjar which is hearing a bunch of PILs seeking a directive to the government to bring back black money, estimated at $ 1.4 trillion, stashed in secret overseas bank accounts.
The committee was set up on April 22 despite it being a holiday on account of Good Friday in view of the urgency and the magnitude of the problem, the SG said. The PIL petitioners have urged the SC to set up a SIT to conduct the probe as, according to them, the government has been deliberately going slow on the issue. The government has set up the panel after the Bench sought its response to the SIT demand. The SC has also pointed out that the investigations so far had been restricted to Pune-based businessman Hasan Ali Khan and his associates and a few foreign bank accounts.
