Blackmoney: SC asks SIT to give progress report by Oct 7

NEW DELHI: The Supreme Court today asked the Special Investigation Team (SIT) on black money to submit the fourth report on the progress of its probe by October 7 and sought to know from the Centre about the steps taken to implement SIT’s recommendations to bring back illegal moneys stashed in foreign banks.

“The Attorney General will tell us what the Centre has done on the recommendations of the SIT,” a bench comprising Chief Justice H L Dattu and Justices M B Lokur and A K Sikri said while posting the hearing for October 28.

Senior advocate Dushyant Dave, appearing for the SIT, informed the bench that the subsequent report on the progress of investigation would be complete by the month end and sought its nod to place before the court in October.

His request that Attorney General Mukul Rohatgi be asked to inform about the action taken by the Centre on SIT’s recommendation was also accepted by the bench.

Advocate Prashant Bhushan raised the issue of SIT’s third report submitted to the apex court in May and claimed that some portions of it have emerged in newspapers which made reference to Participatory Notes (P-Notes) for investing around Rs 3 lakh crore in the stock market. (AGENCIES)