Report on blackmoney will be submitted in time, says Justice M B Shah

NEW DELHI: Investigation against over 600 people accused of stashing money abroad illegally is going on and a report on it will be submitted in time, Chief of Special Investigation Team (SIT) on blackmoney Justice M B Shah said today.

"We have already filed the first report (on blackmoney) in August. Certainly I am hopeful about it (timely submission of second report)," he said.

On a day the Attorney General submitted a list of 627 names having accounts in HSBC bank, Geneva, to the apex court, Shah told CNN-IBN that the list was already known to the team.

"Investigation is going on. Without investigation it is very difficult to say that a person is guilty or that person has done something wrong. A person is required to be heard first," he said.

Shah, a retired Supreme Court judge, said investigation in these cases is not easy. "It is not easy because when a department also issues a notice, it takes time. Concerned parties and assessees replies take time," the SIT chief said.

Shah denied that government's probe in blackmoney case is an eyewash. "It is not eyewash. Nothing is eyewash. Nothing can be said to be eye wash. On the contrary we got some results also," he said.