First meeting of SIT on black money now on June 2

The first high-level meeting of the Special Investigation Team 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 the 11 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, deputy governor of the Reserve Bank of India, Intelligence Bureau Director, Director of Enforcement Directorate and Director CBI.