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IT dept carrying out probe on gas row: Govt tells SC

New Delhi: The Centre today told the Supreme Court that an investigation was being carried out by Income Tax department into an alleged money laundering issue raised during hearing of pleas, seeking cancellation of Reliance

PTI [ Updated: April 01, 2014 22:56 IST ]
it dept carrying out probe on gas row govt tells sc
it dept carrying out probe on gas row govt tells sc

New Delhi: The Centre today told the Supreme Court that an investigation was being carried out by Income Tax department into an alleged money laundering issue raised during hearing of pleas, seeking cancellation of Reliance Industries Ltd's contract for exploration of oil and gas from Krishna-Godavari basin.


Solicitor General Mohan Parasaran, who was making submission before a bench headed by Justice B S Chauhan, said the probe by Central Board of Direct Taxes was still under progress.

The bench, also comprising justices J Chelameswar and Kurian Joseph, during the last hearing, had said it wanted to know from the government about the alleged money laundering issue raised during the hearing.

Advocate Prashant Bhushan, appearing for an NGO, Common Cause, had read out the letter by the Indian High Commission in Singapore to the Centre relating to an investigation of investment of Rs 6,500 crores from a “one-room defunct” company in Singapore.

He had claimed the High Commission had stated that Rs 6,530 crores have come into India from Bio Metrix Marketing Ltd, a one-room company in Singapore that does not do any business.

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