NEW DELHI: The court-appointed Special Investigation Team (SIT) constituted to probe black money cases has highlighted how cricket betting has emerged as one of the key sources of black money generation and stated a whooping figure of Rs 3 lakh crore involved in this.
The SIT has put the total amount from 339 accounts mentioned in HSBC bank at Rs 6,400 crore.
The report states, “On the basis of investigations carried out so far in respect of the 628 entries/persons having accounts in HSBC bank, there was no amount mentioned in 289 cases, while a sum of Rs 237 crore has been recovered as tax and penalties on black money.”
“Large amounts of black money are being transacted every year. As per the FICCI report, it comes to more than Rs 3 lakh crore. This requires to be controlled,” the report stated. The SIT has given the summary of steps taken.