SIT Verifying Outflow of Illicit Funds

  • Global Financial Report has asserted that illicit financial flows worth $505 billion left the country between 2004 and 2013.
  • The Special Investigation Team has asked the Directorate of Revenue Intelligence (DRI) to verify if it is correct.
  • The government has to show it is serious about black money, and so it has to do these investigations said M. Govinda Rao, Professor Emeritus at the National Institute of Public Finance.