Black money: SIT widens probe

February 09, 2015 12:03 pm | Updated November 17, 2021 02:39 am IST - New Delhi

The Special Investigation Team on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up but made it clear that legal action will be taken only after verifying facts.

“Definitely, the scope of investigation will be widened due to the new names. We will have to identify those names and scrutinise them,” SIT chairman Justice (retd) M.B. Shah told PTI in Ahmedabad.

He, however, said legal action can be taken against individuals only after verifying the facts and not just on the basis of news reports.

“SIT will first verify the facts. We can’t take action just on the basis of news reports. We will first verify the claims from our side and then take legal action,” he said.

He said, as per the reports published today, there are “some old names, which we already have, and there are some new names of account holders.”

Meanwhile in Delhi, SIT vice-chairman Justice (retd) Arijit Pasayat, after holding a meeting of the high-powered panel, said it “will consider all new cases where there is evidence of black money”.

“If any new names come and whichever way we have authentic information, we will act on it,” he said after the over two-hour long meeting where existing cases of this nature were also reviewed.

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