Cover Story

Black money & grey areas

Print edition : June 27, 2014

Justices M.B. Shah (left) and Arijit Pasayat, Chairman and Vice-Chairman respectively of the Special Investigation Team constituted by the government, and other members of the team, after the first meeting at North Block on June 2. Photo: Subhav Shukla/PTI

Prime Minister Narendra Modi taking the oath as a Member of Parliament on the second day of the first session of the 16th Lok Sabha on June 5. Photo: PTI

The terms of reference of the SIT include investigation, initiation of proceedings, and prosecution of all matters concerning and arising from unaccounted money held by Hassan Ali Khan. Photo: PTI

Kashinath Tapuriah, Hassan Ali Khan's associate. Photo: PTI

The headquarters of Liechtenstein Bank in Vaduz. The Supreme Court had directed the SIT to take over the investigation of individuals with accounts in the bank. Photo: SEBASTIAN DERUNGS/AFP

The decision to constitute a Special Investigation Team to investigate cases of black money stashed away in foreign banks will prove to be an acid test for the Narendra Modi government as the fight against the black economy calls for strong political will.

    Related Articles

    This article is closed for comments.
    Please Email the Editor