“During the continuing interrogation of Khan and the Tapurias, undertaken for the first time at the behest of this Court, many names of important persons, including leaders of some corporate giants, politically powerful people, and international arms dealers have cropped up. So far, no significant attempt has been made to investigate and verify the same.”
“This is a further cause for the grave concerns of this court, and points to the need for continued, effective and day to day monitoring by a SIT constituted by this Court, and acting on behalf, behest and direction of this court,” a Bench of Justices B Sudershan Reddy and S S Nijjar said.
The Court, which directed formation of the Special Investigation Team for probing the black money parked in banks abroad, said, “The volume of alleged income taxes owed to the country, as demanded by the Union of India itself, and the volume of monies, by some accounts US $8.04 billion, and some other accounts in excess of Rs 70,000 crores, that are said to have been routed through various bank accounts of Khan, and Tapurias.”
The court also expressed its serious concern over the name of Khan being linked to an international arms dealer saying “there was still no evidence of a really serious investigation into these other matters from the national security perspective.”
“The fact remains that the Union of India has struggled in conducting a proper investigation into the affairs of Khan and the Tapurias. While some individuals, whose names have come to the adverse knowledge of the Union of India, through the more recent investigations, have been interrogated, many more are yet to be investigated,” the court said.