SIT on Black Money holds Meet in Cuttack today

The Special Investigation Team (SIT) on black money held a meeting at Cuttack on Monday to review high-profile tax evasion and money laundering probe cases.

The meeting was chaired by SIT Vice-Chairman Justice Arijit Pashayat.

After the meeting Justice Pasayat said over Rs 20,000 crore of black money has been detected in foreign countries.

The departments including, the Income Tax department, Enforcement Directorate (ED) and other agencies have submitted their report to the SIT Vice-Chairman.

Earlier, the SIT on black money has recommended ban on cash transactions of above Rs 3 lakh and restricting cash holding more than Rs 15 lakh.