Decision to form SIT on black money shows Modi govt will act as promised: Shivraj Singh Chouhan

Madhya Pradesh Chief Minster Shivraj Singh Chouhan hailed Narendra Modi-led NDA government’s first decision to form a SIT on probe black money stashed abroad.

Last Updated: May 27, 2014, 22:15 PM IST

Zee Media Bureau

New Delhi: Madhya Pradesh Chief Minster Shivraj Singh Chouhan hailed Narendra Modi-led NDA government’s first decision to form a SIT on probe black money stashed abroad.

Chouhan posted on micro-blogging site Twitter - “The Union Cabinet in its maiden meeting has taken a historic decision to constitute SIT for bringing back black money stashed abroad.”

He added, “A long-awaited step that shall greatly benefit the nation. This bold decision is a testimony to the fact that Modi govt will act as promised.”

Complying with the Supreme Court directive, the new government on its first day in office today constituted a special investigative team headed by a former Supreme Court Judge to unearth black money, including in the case of Hasan Ali, PTI reported.

MB Shah, head of the SIT that also comprises another retired Supreme Court judge Arijit Pasayat as vice-chairman, will be assisted by the Revenue Secretary, directors of CBI, IB, RAW and ED, the CBDT Chairman and an RBI deputy governor.

The Supreme Court, which appointed the two judges, had last week granted the government one week to set up the SIT.
"In the first Cabinet of the new government...In the light of the directions of the SC, we have constituted an SIT for unearthing black money... This was an important issue for us," Law and Telecom Minister Ravi Shankar Prasad told reporters after a one-and-a-half-hour Cabinet meeting.

The panel will have jurisdiction in cases where investigations have commenced, are pending, are waiting to be initiated or have been completed.

Prasad said setting up of the SIT "indicates the commitment of the new government to pursue the issue of black money."

With PTI inputs