The SIT, the terms of reference said, “shall report to the Court and shall inform the Court of all major developments by filing periodic status reports from time to time and for this purpose, the Union of India shall accord all the necessary financial material, legal, diplomatic resources both inside and outside the country to the SIT”.
The departments or officers that would form part of the SIT include Secretary of the Department of Revenue under the Ministry of Finance, a nominated Deputy Governor of RBI, Director of the Intelligence Bureau, Director of Enforcement, Director CBI, CBDT Chairman and Director General Narcotics Control Bureau.
Also, DG Directorate of Revenue Intelligence, Director Financial Intelligence Unit and Joint Secretary (Foreign Tax and Tax Research) in the Finance Ministry will be its members.
The apex court had on May 1 directed the Centre to handover within three days all documents and information collected by it in its probe in the cases of alleged stashing of black money in LGT bank in Liechtenstein, Germany, to Ram Jethmalani and others who raised the issue before it.
Justice Shah, who was earlier appointed as Vice Chairman by a July 4, 2011 order, will take the place of former apex court judge B P Jeevan Reddy, who expressed his inability to continue as Chairman due to personal reasons.
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