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SIT uncovers two companies with Rs 1700 cr black money


Odisha Sun Times Bureau
Cuttack, Feb 26:

The Special Investigative Team (SIT) has found two companies who have stashed Rs 1700 crore black money abroad, revealed SIT vice chairman Justice Arijit Pasayat after a meeting held in Odisha’s Cuttack on Thursday.

Justice Arijit Pasayat
Justice Arijit Pasayat

The SIT meeting with top officials from various central and state agencies presented an update report on the black money on Thursday in the Telenga Bazar residence of Justice Arijit Pasayat.

The investigation has found black money trail of the Dhalsamanta brothers. The SIT team will soon submit a separate report about the black money of the Dhalsamanta brothers, according to sources.

Under the Company Act, a person can hold the position of a director in 20 companies. But, SIT has found that nearly 2,000 persons are company directors in more than 20 companies. This is clearly illegal and should be punishable with fine, said Pasayat.

Justice Pasayat has said that this will soon come into the preview of the SIT and help in finding out the black money in the country.

One more report of the SIT will be submitted to the government in March, according to reports. The meeting discussed black money stashed abroad, illegal mining, private educational institution, charitable trust, black money investigation, illegal wealth accumulation, etc.

Crime Branch Special DG Bijay Kumar Sharma, Central Board of Direct Taxes Commissioner (Investigation) R K Yadav, Enforcement Director Special Director Yogesh Gupta, D K Gupta, Mines Secretary R K Sharma, Mines director Deepak Mohanty, Directorate of Revenue Intelligence top official George Joseph among others were present in the meeting.