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Team to track black money

New Delhi, May 27: The Narendra Modi-government, in its first decision after assuming office today, has set up a special investigative team (SIT) headed by former Supreme Court judge M.B. Shah to unearth black money.

“In the first cabinet of the new government...in the light of the directions of the Supreme Court, we have constituted an SIT for unearthing black money. This was an important issue for us,” law and telecom minister Ravi Shankar Prasad told reporters after a one-and-a-half-hour-long cabinet meeting.

He said the setting up of SIT “indicates the commitment of the new government to pursue the issue of black money. Tomorrow is the last date (for setting up of SIT). Therefore, the very first agenda in accordance with its policy commitment was to have this very high-profile SIT”. The Supreme Court had last week granted the government one week to set up the investigative team.

The team will have another retired Supreme Court judge Arijit Pasayat as vice-chairman.

 
 
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