Black money: SIT to submit fifth interim report in August

Supreme Court-appointed Special Investigating Team (SIT) on black money said on Friday that around Rs 133 crore cash was recovered from three educational institutions in the last fortnight. Its deputy chairman Justice Arijit Pasayat did not disclose details of the recovery but said the SIT is likely to submit its fifth interim report to the apex court in the first week of August.

The SIT has made certain recommendations to the Union government to tap the black money inside the country, he said in Cuttack. Justice Pasayat said at least 120 people whose names had appeared in Panama Papers list have already deposed before the SIT after they were issued notices.

"Recording of statements of around 250 NRIs, whose names have appeared in the list, is taking time", he said.

After meeting the SIT deputy chairman, Odisha DGP KB Singh said the state police will continue its offensive against organised crime syndicates who are dealing mostly with black money. Singh said he had made some presentations about it before the SIT deputy chairman.