NEW DELHI, Jan 28 (PTI) - A Parliamentary panel has asked top officials of the Finance Ministry track the trail of black money used to fund acts of terror in the country.
The Parliamentary Standing Committee on Finance also wanted the ministry to give clarification on the necessity to have a non-disclosure clause in the international treaties regarding exchange of banking information with various countries.
The panel, headed by BJP leader Yashwant Sinha, wanted the finance ministry and the Directorate of Revenue Intelligence to evaluate the quantum of black money stashed in foreign banks and ascertain how much has been routed back to the country through FDI channels from small island nations.
Revenue Secretary Sunil Mitra, Central Board for Direct Taxes (CBDT) Chairman Sudhir Chandra and Enforcement Directorate Director Arun Mathur were among the officials who appeared as witness before the Committee yesterday.
