“More studies or committees or new special investigating wing and treaties with foreign governments are only to stall action,” said Arun Kumar, the head of the Centre for Economic Studies and Planning in Jawaharlal Nehru University.
Delays in action against black money by way of committees and studies will give time to corrupt politicians, businessmen and bureaucrats to divert their ill-gotten funds into shell companies, an eminent JNU professor has said.
Kumar, who has authored ‘The Black Economy in India’, said the government’s move to institute studies and form committees on black money “will only give time to triad — politicians, businessmen and bureaucrats — to invest their funds in shell companies abroad.”
He gave the example of a politician from Jharkhand who is alleged to have invested unaccounted funds in African mines.
