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Supreme Court Appoints Special Team to Track Black Money

  •   Mon, Jul 04 2011 03:05:39 PM

Daijiworld Media Network

New Delhi, Jul 4: On Monday, July 4, Supreme Court (SC) termed the black money issue as 'Extremely serious case' and slammed centre government for not handling it in a right manner.

 The court blamed Government for not providing adequate information and the necessary documents despite constant direction from the court.

Due to this, to track the black money issue, Supreme Court has now appointed a Special Investigation Team (SIT). The team will now engage in tracking the black money stashed in foreign countries by the Indians. The team led by Jeevan Reddy, retired judge of Supreme Court will attain the power to travel abroad and investigate the issue and collect required information.

Earlier, the Central Government had formed a committee headed by revenue secretary to develop a plan to bring back black money. But this committee will be scraped, as Supreme Court has lost faith in it.

It said that, at least one trillion USD black money is abroad. Noted advocate Ram Jethmalani and others have filed a petition regarding this in Supreme Court.

Black money issue has been a important weapon from opposition parties since last couple of months, and Manmohan Singh led UPA government has been warned by supreme court several times for not handling the issue seriously.
  

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Comment on this article

  • paadu, mangalore

    Mon, Jul 04 2011

    Then what we can expect from our Central goverment? .What our Puppet can do under the controll of Swiss Bank account holder?

    DisAgree Agree Reply Report Abuse

  • Durgadas Suvarna, MLORE/BLORE

    Mon, Jul 04 2011

    Alan, M'lore your political knowledge is very poor. For your kind info the swiss bank money of politicians is there from decades which includes the members of all the political parties. The congress has major share in that. That's why they are just scared by listening to name of Swiss bank and people like you are worried about the true face of congress coming out.

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  • Louis D'Souza, Udupi/Kuwait

    Mon, Jul 04 2011

    What about Yeddy & Reddys black money?? Similar to Supreme court why not Karnataka high court is not taking any action in Karnataka? The source of black money starts from Banglore.

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  • Dr S kamath , Mumbai

    Mon, Jul 04 2011

    This is exactly the reason Countries like Indonesia ,Malaysia ,Singapore have gone ahead of India in HDI ( Human Development Index )Welcome Move by Hon SC

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  • Alan, M'lore

    Mon, Jul 04 2011

    All the black money was being credited during the previous BJP rule.
    And Now when there is no any rule concerned or any treaty signed with Swiss Bank how can Congress Govt all of a sudden ask to bring back the black money.
    Atleast when the Congress Govt came into force all such type of frauds are coming into view of the people.
    If it was a BJP Led govt i think still we would have been blind folded by these BJP crooks.

    DisAgree Agree Reply Report Abuse

  • R.Bhandarkar, Mangalore

    Mon, Jul 04 2011

    Heard Chidambaram saying on TV today that he has to go through the entire text of the SC directive before he could comment . This to the reporters. He thinks such evasive answers are
    likely to project him as an 'intelligent' minister. Enough of this MR.PC. Use it(ur intellegence) where our
    country needs it the most. It's the lack-lustrue, inert attitude
    of Harvard educated men like you
    that has made the country a laughing stock as it is.Be pro-active or act is what the SC is telling you for God's sake!! Words fail me to describe the likes of you and I am not siding with any political party.Work or get out.

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  • nagesh nayak, bangalore

    Mon, Jul 04 2011

    AFTER SEVERAL WARNINGS BY SUPREME COURT ITALIAN LED UPA IS NOT INTERESTED IN BRINGING BLACK MONEY TO INDIA.

    PSUEDOS ARE HAPPY & MMS TEAM IS AHARING THE MONEY.

    DisAgree Agree Reply Report Abuse

  • nagesh nayak, bangalore

    Mon, Jul 04 2011

    AFTER SEVERAL WARNINGS BY SUPREME COURT ITALIAN LED UPA IS NOT INTERESTED IN BRINGING BLACK MONEY TO INDIA.

    PSUEDOS ARE HAPPY & MMS TEAM IS AHARING THE MONEY.

    DisAgree Agree Reply Report Abuse

  • Sathish.S, Mangalore

    Mon, Jul 04 2011

    All parties including BJP,Congress are all looters of our country ,they are only filling money in their bank accounts.

    DisAgree Agree Reply Report Abuse

  • Vishal, Mangalore/Bangalore

    Mon, Jul 04 2011

    As a voter, I ask UPA, especially Congress Party, to be serious about black money issue and not to loot the country and the poor populace. My fellow citizens, please wake up. What more proof you need to prove that the cause of poverty in India is not lack of resources but the looters ruling our country.

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