The Supreme Court appointed a special investigation team under ex-SC judges B P Jeevan Reddy and M B Shah to supervise the investigations and probe into illegal money of INDIANS stashed away in foreign banks and tax havens abroad.
A bench comprising of justices Sudershan Reddy and S S Nijjar passed the order for the formation of SIT in the wake of a 2009 writ petition filed by jurist Ram Jethmalani.
The high level committee members who shall now be a part of SIT’s team are the revenue secretary, the Reserve Bank of India’s deputy director, the Central Board of Direct Taxes’ chairman, director generals of Revenue Intelligence, Narcotics Control and Foreign Intelligence Office, joint secretary of Foreign Trade and the directors of Central Bureau of Investigation, Intelligence Bureau and Enforcement Directorate under the chairmanship and vice- chairmanship of justice Reddy and justice Shah respectively.
The Director of Research and Analysis wing(RAW) will also join as a member of the special investigation team. The hearing in the matter which resumed yesterday after the SC vacation came to an end would be listed next in the week following 15 August 2011.
Report by Bikram Singh Rana