New Delhi, March 3: Supreme Court appointed Special Investigating Team (SIT) that has so far detected 70 thousand crore rupees of black money including over 16,000 crore rupees by Indians stashing funds abroad, across the country.Justice Arijit Pasayat, vice-chairman of the Special Investigation Team on black money, said on Thursday that the Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April.
Speaking to media after a high-level meeting of SIT on black money, Vice-Chairman said that the SIT is hopeful that the amount will rise substantially further in the coming days. Justice Pasayat also said that the committee will submit its sixth report to the Apex court in the first week of April.
Justice Pasayat also said that SIT’s proposal on holding of cash of 15 lakh rupees or above to be presumed as undisclosed is under serious consideration of the Government. SIT during the past two years has made several recommendations through its interim reports to the Apex court for the Central government to check the generation and tap the black money at the source.
Also Speaking on persons figured in the Panama paper leaks, the SIT Vice-Chairman said inquiry is on stage by stage to find out, those who have caused infraction of the law. The meeting assumed significance as it was held for the first time after demonetisation undertaken by the Union government.
Investigations into the alleged black money and benami properties of self-styled godmen in Odisha have been effective so far. It will continue further, he added. Several self-proclaimed godmen including Sarathi Baba and Sura Baba have been arrested and they are languishing in jail on several charges.