A MUST READ FOR ALL NEW INDIAN ADMINISTRATIVE SERVICE (IAS) OFFICER EXAMINATION CANDIDATES
Sunday, June 1, 2014
IT IS A SHAME THAT LENGTHY COMPLICATED LEGAL PROCEDURES HAVE TO BE ENGAGED IN TO CHASE THE ILLEGALLY ACQUIRED AND STASHED WEALTH OF INDIAN POLITICIANS WHO WILL INVOKE THEIR CONSTITUTIONAL RIGHT OF PRIVACY AND FOREIGN BANKS WILL HAVE TO BE TOLD THAT CRIMINALS CAN BE EXPOSED AS THERE IS NO WAY THEY CAN EARN THAT KIND OF WEALTH IN THEIRS AND THEIR THREE PREVIOUS GENERATIONS' LIFE TIME THROUGH LEGAL MEANS NOR APPRECIATE IT LEGALLY IN ANY INVESTMENT, IT IS CRIMINALLY ACQUIRED WEALTH AND MUST BE DISCLOSED. THE CHASE BEGINS ON JUNE 2ND.
SIT’s first meeting on black money to be held on June 2
PTI | May 30, 2014, 20.05 pm IST
New Delhi: The first high-level meeting of the Special Investigation Team (SIT) on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians has been advanced and will now be held on June 2.
Officials said the Department of Revenue under the Finance Ministry has finalised the date after rescheduling it from the earlier date of June 4 and invites have been sent to all the11 members of the SIT after obtaining the consent of the Chairman and retired Supreme Court judge M B Shah and Vice Chairman Justice (retd) Arijit Pasayat.
"The date of the meeting has been advanced to June 2. It will be held under the chairmanship of Justice Shah," a source privy to the development said.
The government had notified the creation of SIT on May 27 after the Supreme Court had last week granted it one week to constitute the high profile team comprising top bosses of the country's premier investigation, enforcement and intelligence agencies.
The meeting, sources said, is expected to discuss the policy matters on combating the menace of black money and the status of ongoing probes and available inputs with all the departments in this regard.
The officers who would form part of the SIT include Secretary of the Department of Revenue under the Ministry of Finance, a Deputy Governor of RBI, Intelligence Bureau Director, Director of Enforcement Directorate, Director CBI, CBDT Chairman and Director General Narcotics Control Bureau.
DG Directorate of Revenue Intelligence, Director Financial Intelligence Unit, Secretary Research and Analysis Wing and Joint Secretary (Foreign Tax and Tax Research) in the Finance Ministry will be its other members.
The terms of reference for the SIT stipulate that it "shall have jurisdiction over all the cases, where investigation has already commenced or pending or awaiting to be initiated or have completed" with regard to instances of black money and illicit funds generated and sent to overseas destination and tax haven nations.
The SIT, the terms of reference said, "Shall report to the court and shall inform the court of all major developments by filing periodic status reports from time to time and for this purpose, the Union of India shall accord all the necessary financial material, legal, diplomatic resources both inside and outside the country to the SIT."
At a stage where governments around the world have tried to hide away from the embarrassment caused by WikiLeaks expose on black money, founder Julian Assange speaks exclusively to TIMES NOW's Editor-in-Chief Arnab Goswami on the Swiss bank data and Indian names features in the same
Mr. Swaminathan Gurumurthy on Black Money at IIT-Madras
Published on Feb 20, 2014
A healthy economy thrives, to a large extent, on the money that comes into the country's government account as tax revenue. In the Indian context, as a consequence of extensive tax evasion, the concept of black money has flourished in such a manner that its a common practice among India's uber wealthy. Come catch Mr Swaminathan Gurumurthy, chalk out the ills caused by the black money on the Indian economy.
Hassan Ali a frontMan of Sonia Gandhi Swiss Bank Accounts
Uploaded on Jul 14, 2011
Hassan Ali is a proxy for Sonia Gandhi's Swiss Bank account as the password of Hassan Ali account is with Sonia Gandhi as told by him in interogation. Subramanian explains how he was a proxy for Sonia Gandhi account to hide black money of Sonia Gandhi.