Pulling up the Government for the “laggardly pace” in investigations into the issue of black money stashed abroad, the Supreme Court on Monday appointed a Special Investigation Team (SIT) headed by former apex court judge, Mr B. P. Jeevan Reddy, to investigate and monitor steps taken to bring the unaccounted money back home.
Another former apex court judge, Mr M. B. Shah, will be Vice-Chairman of the 13-member SIT in which the Director of Research and Analysis Wing (RAW) has also been inducted.
A Bench comprising Justices Mr B. Sudershan Reddy and Mr S. S. Nijjar, which is seized of the issue raised in a PIL by noted jurist Mr Ram Jethmalani and others, pronounced the order saying monies generated and secreted away reveal the degree of “softness of the state“.
The court rejected the demand for disclosing the names of individuals which had figured in the list given by the German government but ordered giving out the names of those against whom show-cause notices have already been issued and prosecution has taken place.