SIT on black money has submitted 6 reports to Centre: Justice Arijit Pasayat

Cuttack: The vice-chairman of the Special Investigation Team (SIT) on black money, Justice Arijit Pashayat on Monday informed that based on their investigations 6 reports have been submitted to the Centre so far and the last one will be submitted by the end of the year.

Pasayat chaired a meeting on black money in presence of the director of the Enforcement Directorate (ED) at his residence here.

Following the meeting Pasayat also said that the generation of black money has declined.

“It will be wrong to say that generation of black money has completely stopped. However, a fear psychosis has developed among the black money holders. People are now aware of the severe consequences of generating and holding black money,” Pasayat said.

Speaking about the situation in Odisha, Pasayat said “The SIT is looking into activities of the mafia, dons, godmen and also real estate businessmen where traces of black money have been found.”

Notably, the SIT has been formed to unearth black money. Meanwhile, it has recommended the Centre to take steps to curb black money from the economy. As per the recommendation, money transaction of more than Rs 3 lakh should be made in cheques and a person cannot keep cash money more than Rs 15 lakh. This was informed by Justice Pashayat recently.