- Sixth interim report on it will be submitted to Supreme Court in April
- Over 16,000 crores detected after probe into funds stashed abroad
- SIT made recommendations in past 2 years to check black money generation
Justice Pasayat held a meeting with officers of several government agencies dealing with economic and financial affairs in Cuttack.
He said the SIT made several recommendations in the past two years through its interim reports to check generation of black money.
"While most of our recommendations have been accepted by the government, some are under active consideration to clampdown on black money," he said.
"One of our proposals, on cash holding of Rs 15 lakh or more to be presumed as undisclosed, is under serious consideration of the central government," Justice Pasayat said, adding that on the SIT's recommendation the government has already declared that cash transaction beyond Rs 3 lakh will be treated as illegal and punishable under law.
On Odisha specific economic offences and unearthing of black money, he said Thursday's meeting was specifically convened to ensure smooth coordination between all investigating agencies in sharing their findings with other agencies for easy detection of ill-gotten money.
Justice Pasayat said he has asked the state crime branch, probing various wrongdoings of private educational institutions, jewellery shops, real estate companies, self-styled godmen, mafia dons, to share their findings with sleuths of the Income Tax department and the Enforcement Directorate for a thorough probe.