Govt may challenge SIT probing black money

The Government is exploring legal options on the Supreme court order to set up a Special Investigation Team (SIT) on black money. Sources have told CNN-IBN that the Government is considering seeking a review of the Supreme Court order but no decision has been taken yet.

Criticising the Government for shoddy investigations into cases of black money stashed abroad the court on Monday appointed a two-member SIT headed by former apex court judge BP Jeevan Reddy to investigate the issue. The second member of the team is former Supreme Court judge MB Shah.

While appointing the SIT, a bench comprising justices B Sudershan Reddy and SS Nijjar directed that the high-level committee constituted by government to look into black money issue will become part of the SIT.

The court also directed the Government to disclose names of those issued show cause notice by authorities in connection with the black money case. The Government was also directed to issue a notification regarding the appointment of SIT and ordered that government machinery to cooperate with it. The SIT will report on the status of the black money cases at regular intervals.

The court, however, made it clear that the authorities would not disclose the names of those who have not been investigated in connection with deposits made in foreign banks including Liechtenstein bank.