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Black money: SC turns down Centre's plea
Black money: SC turns down Centre\'s plea, Special Investigation Team, Foreign banks, Black Money. The apex court said its two-judge bench in its July 4, 2011 order for setting up of SIT felt that \"no effort was made to bring back the money stashed in foreign banks\" which could have been accounted and pumped into the \"mainstream of the Indian economy\".
Centre opposed setting up of SIT
New Delhi: The Supreme Court on Wednesday rejected Centre's plea to recall its order for setting up a Special Investigation Team (SIT) to probe all cases of black money, saying it stepped in as for over six decades "the government failed to bring back the illegal money stashed in foreign banks to the country".
"Let us see if the SIT will do things which this country is dreaming of," a three-judge bench headed by Justice H L Dattu observed while dismissing the Centre's plea and pulling it up for its reluctance to accept the SIT headed by two retired judges of the apex court. The apex court said its two-judge bench in its July 4, 2011 order for setting up of SIT felt that "no effort was made to bring back the money stashed in foreign banks" which could have been accounted and pumped into the "mainstream of the Indian economy". The bench brushed aside the contention of Solicitor General Mohan Parasaran that "the mechanism was already in place" for dealing with issue of black money and expressed its anguish that the Centre was "literally" running away from the SIT-monitored probe.
"Since 1947, nobody thought for 65 years to bring these money stashed in foreign banks to the country. Government has failed in its role for 65 years. We are not impressed by your statement, if you had undertaken the exercise there was no need for continuous mandamus and we would have not stepped in," the bench said
