Posted On by &filed under Top Law News.

The central government Monday told the Supreme Court that it has set up a multi-disciplinary committee, comprising top officials of different departments, to oversee and coordinate investigations into cases of money laundering and stashing black money in tax havens.

 An apex court bench of Justice B. Sudarshan Reddy and Justice S.S. Nijjar was told that a committee headed by Secretary Department of Revenue will have deputy governor of the Reserve Bank of India, director of Intelligence Bureau, director of the Central Bureau of Investigation, director of the Directorate of Enforcement, chairman of the Central Board of Direct Taxes and director general of the Narcotics Control Bureau as its members.

The court was told that beyond the Hasan Ali Khan and LTG bank case, the committee is a permanent standing arrangement to trail money laundering and supervise related cases.

Solicitor General Gopal Subramanium told this to the court in the course of hearing of a petition by eminent jurist Ram Jethmalani, seeking directions to the centre to take steps to bring back the black money stashed away abroad in tax havens.

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *