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With the actual facts coming out of the account holders, YES the country can then find out which politicians, civil servants and significant public figures work for foreign powers.
Its NOT just about bringing back $1.5 trillion which rightfully belongs to India, BUT about national security and sovereignty.
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Supreme Court appoints investigation team headed by retd judge to probe black money
The Supreme Court on Monday appointed Special Investigation Team (SIT) headed by a former SC judge to probe black money issue. Former SC judges - Justice B P Jeevan Reddy and Justice M B Shah - will be the chairman and vice-chairman of the SIT. The team will also include chiefs of the Intelligence Bureau (IB) and Research and Analysis Wing (RAW). The SIT will file first status report in the third week of August.The apex court slammed the government for its lethargy in getting the black money back. The court asked the government to disclose names of foreign bank holders against whom I-T proceedings have been concluded. It also told the government that it could not have agreed with other countries under double taxation avoidance treaty not to disclose names of foreign bank account holders who have deposited illicit money abroad.
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The Supreme Court on Monday set up a special investigation team (SIT) led by two retired judges to probe the black money issue and criticised the government in the matter. Jeevan Reddy and MB Shah, who are retired Supreme Court judges, will head the SIT. The Supreme Court has been monitoring the government's probe into black money stashed abroad and has repeatedly accused it of dragging its feet in the matter.
"It is a pure and simple theft of national money. We are talking about a mind-boggling crime, not niceties of various treaties," the court once said about the government's probe.
The court is expected to pass an order on revealing names of 26 Indians who kept black money in LGT bank. The Centre had opposed revealing the names of 26 account holders saying it would violate bi-lateral agreement.
Senior lawyer Ram Jethmalani and others had petitioned the Supreme Court to direct the Centre to bring back the black money.
