RAM JETHMALANI AND ORS. vs UNION OF INDIA AND ORS

The Supreme Court directed the formation of a Special Investigation Team (SIT) to investigate the alleged illegal deposits of Indian citizens in foreign banks, particularly UBS Bank, involving significant sums linked to individuals like Hassan Ali Khan and the Tapurias. The Court emphasized the need for a coordinated effort among various government agencies to address the complexities of the case, which involved potential proceeds of crime and threats to national security. The Court's holding mandated the SIT to ensure thorough investigation and recovery of the funds, reflecting the importance of transparency and accountability in financial matters.