The Income Tax department will deploy special teams and minutely scrutinise bank accounts during the forthcoming Assembly polls in four states after the Election Commission (EC) recently issued fresh guidelines for ensuring financial transparency during polls.
Congress on Wednesday sought to turn the tables in the Lok Sabha on BJP on the issue of black money, wondering as to why it was not taking action against a ruling party member from whose residence over Rs one crore in cash and gold and silver ornaments were found.
Innovative methods like transfer of funds through the RTGS banking system and concealment of currency wads inside car bonnets were detected by EC as it took steps to curb the use of black money during the just-concluded LS polls.
Former Supreme Court judge Justice MB Shah, who is to head the Special Investigation Team (SIT) into the black money issue on Wednesday said there are a number of "complexities" involved but asserted he will ensure a speedy probe.
The government is expected to bring out a notification by next week for creation of a Special Investigation Team (SIT) which will have "jurisdiction over all the cases" of unaccounted funds or black money stashed by Indians abroad.
In a major technology leap undertaken by the Election Commission (EC) to check electoral malpractices, a common man can now upload a video or audio clip of an inflammatory speech, illegal cash or liquor distribution to the poll body`s website which will automatically authenticate the credentials of the media post.
The study, conducted by think-tank CMS, comes at a time when various political parties are accusing each other of using alleged black money in the ongoing Lok Sabha polls, which began on April 7 and will continue till May 12.
Stepping up its efforts to prevent the use of blackmoney and other means to influence voters during the ongoing Lok Sabha elections, the Election Commission has so far seized Rs 240 crore in cash and crores of litres of liquor and drugs.
The Election Commission (EC) on Thursday issued a set of draft "revised" guidelines to political parties asking them not to give cash to their candidates in a bid to curb the menace of blackmoney in elections.
The elite criminal investigation wing of the IT Dept, which conducted a number of high-profile actions including raids on Ponty Chadha, has been disallowed to carry out any search operations by the Finance Ministry henceforth.