If you have information on black money, share it with SIT

Image
Press Trust of India New Delhi
Last Updated : Nov 02 2014 | 11:30 AM IST
Anyone who has specific and definite information on black money can share it with Supreme Court-appointed SIT going into the issue that can crack down on those stashing money abroad and at home.
The Special Investigation Team (SIT), headed by former Supreme Court judge Justice M B Shah, will open a channel of communication shortly through which the public can use to share "definite" information and vital inputs about black money including foreign bank accounts.
The SIT, which also has former apex court judge Justice Arijit Pasayat as Vice-Chairman, has said such a step was aimed at detecting and prosecuting all direct or indirect instances of illegal generation of funds and evasion of government taxes.
"We will be issuing a public advertisement in this regard very soon...May be within a week's time. Members of the public can write to the SIT through the Internet and send to it to the official email id which will be publicised or send it by post to the secretariat of the panel," Justice Pasayat told PTI.
He, however, said that any information sent to the SIT should be "definite and specific" about the reported black money instance.
"The public can share with us the name, address, bank details or any other such vital information which can be verified and acted upon. Once we receive it, the agencies on the panel, according to the requirements of the respective case, will be asked to look into it," he said.
Justice Pasayat said the exercise is meant to bring the public closer to the SIT which has the mandate to deal with the problem of unaccounted money and to initiate legal action against the offenders, both in India and abroad.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 02 2014 | 11:30 AM IST

Next Story