The SIT's mandate, as notified by the Department of Revenue (under the Finance Ministry), requires it to go into "all issues relating to matters concerning and arising from unaccounted monies of Hasan Ali Khan and Kashinath Tapuriah".
Pune-based Khan, a stud farm owner, was arrested by Enforcement Directorate in connection with money laundering and tax evasion cases. Tapuriah is his aide.
The other tasks of SIT include all investigations already started and pending or awaiting to be initiated with respect to any other known instances of the stashing away of unaccounted cash in foreign bank accounts by Indians or other entities operating in India.
The panel has also been empowered "to further investigate even where charge-sheets have been previously filed and IT may register further cases and conduct appropriate investigations and initiate proceedings for the purpose of bringing back unaccounted monies unlawfully kept in bank accounts abroad."
The SIT will also keep the apex court informed about all major developments by filing periodic status reports in this regard, the government notification had said.
