Zee Media Bureau
New Delhi: Justice MB Shah, who is heading the SIT on black money on Thursday said that investigation in all cases was going at a fast pace and the SIT would submit its second report by December 3, 2014.
The Central government had submitted yesterday before the Supreme Court a list of names of Indians having accounts in foreign banks.
In total, the Centre has placed before the apex court names of 627 Indians in a sealed envelope who have accounts in overseas banks. It may, however, be noted that all these 627 Indians may not have black money stashed abroad – only some of these individuals' accounts may be legitimate.
The apex court bench headed by Chief Justice HL Dattu refused to open the sealed envelope saying that the documents be placed before the Special Investigation Team (SIT) appointed by it.
Only SIT chairman and vice chairman can open the sealed envelope containing names of account holders, the court stated.
The SC also directed the SIT to evolve its own procedure on the kind of probe needed into these accounts and also to evolve the process on how to get the black money back.
