The special investigation team on Saturday resorted that the volume of black money in India is much bigger than the amount of black money outside the  country.The Vice chairman of SIT (retired) Arijit Pasayat Said-
“”The volume of black money stashed in India is much more than it is now in the foreign countries. If the generation of black money is stopped, its flow to the foreign countries will be substantially reduced.”

SIT officers concern over black money stacked in India
SIT officers concern over black money stacked in India

He made remarks on the under the table transactions stating that the charitable institutions and educational bodiea are deep;ly involved in such activities which turns the black into white.
“The volume of black money stashed in India is much more than it is now in the foreign countries. If the generation of black money is stopped, its flow to the foreign countries will be substantially reduced.
Sources said the SIT touched upon the BoB case and asked these agencies to crackdown on such cases where individuals or entities have registered multiple fake firms at one address or at non-existing locations to fraudulently undertake illegal import and export businesses and route slush funds.

“With regard to mining scam, SIT is currently probing aspects of income tax and money laundering . We are gradually moving ahead with our investigation. We have started investigation in Odisha, Goa, Bengaluru where we have received positive responses,” he added.”

Pasayat has also suggested Odisha government to go for certain modification in the H1 form, said director of mines Deepak Mohanth, who attended the meeting.
Senior officials of the Crime Branch, CBI, Central Board of Direct Taxes, Income Tax and Commercial Tax attended the meeting.