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Supreme Court reconstitutes Special Investigation Team on black money

Friday, 2 May 2014 - 7:25am IST | Place: New Delhi | Agency: DNA

The Supreme Court on Thursday reconstituted the Special Investigation Team (SIT) to monitor probe into black money case by appointing Justice M B Shah as its chairperson.

The court also appointed Justice Arijit Passayat, a retired Supreme Court judge, as the vice chairperson of the SIT.

A bench headed by Justice H L Dattu passed the order reconstituting the team after Justice P B Jeevan Reddy expressed his inability to head the team recently.

Directing the Centre, which was opposing the constitution of SIT, to issue notification in this regard within three weeks.

"In view of the inability expressed by Justice Reddy, we appoint.....We now request union of India to issue appropriate notification in this regardas expeditiously as in three weeks time.," the bench said and asked SIT to start working as the earliest.

On July 4, 2011, the apex court had ordered for setting up of SIT but the government had opposed the same and filed a review petition before the court for recalling of its order.

In March this year, the bench had dismissed the government's review plea.

Meanwhile, the apex court on Thursday also ordered the government to provide within three days the details of 26 Indians who stashed money in in Liechtenstein Bank in Germany.

Out of the 26 names, investigation against 18 individuals is over and prosecution had been launched against 17 by the Income Tax department while one person has died, the Centre had said earlier to the court.

Appearing for the central government, solicitor general Mohan Parasharan said the names were procured by the government from German authority and submitted two sealed envelops containing names of 18 people and their accounts detail in one envelop and names of 8 other people in another sealed cover.

Filing the affidavit through joint secretary of revenue department, finance ministry, the Centre said in the list od 26 names of Indian origin included 12 trusts ---Ambrunova Trust reg. And Marline Management, Manichi trust, Ruvish trust, Dainese Stifung and Dryade Stiftung, Urvashi Foundation, Raj Foundation.

"The information regarding outstanding amounts in the accounts maintained by 12 trusts with LGT Bank in Liechtenstein was received by the government of India from the Greman Tax Authority in March 2009..," as per the affidavits.


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