Zee Media Bureau
New Delhi: The Special Investigation Team (SIT) on black money on Wednesday submitted an action taken report on its findings and recommendations on the illegal funds issue to the Supreme Court.
The apex court expressed satisfaction on the steps taken by the SIT for bringing back black money stashed away by Indians in foreign banks.
The court also took on record SIT's first report on black money and asked it to file another progress report after two months.
The SIT, headed by retired Supreme Court judge Justice M B Shah, met for the first time on June 2 and then separately held meetings with various departments and agencies on the panel over a period of two months.
The SIT, according to sources, is understood to have chronicled a number of potential blackmoney and illegal foreign funds cases that are expected to deliver results in the near future.
A detailed dossier on the recommendations made by the panel to various government agencies in the investigative and enforcement domain is also understood to have been prepared by the panel.
The SIT, apart from Justice Shah has another former judge of the apex court, Arijit Pasayat, as its vice-chairman besides 11 members, who are the heads of a number of investigative and enforcement agencies of the country.
With agency inputs
