Panama leaks probe: multi-agency group submits reports to govt.
8 years, 9 months ago

Panama leaks probe: multi-agency group submits reports to govt.

The Hindu  

The multi-agency group probing the Panama papers leaks, which has named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports to the government. The Central Board of Direct Taxes has also been updating the Special Investigation Team, set up under the directions of the Supreme Court to monitor cases related to black money, according to the Revenue Department. “The purpose of constituting MAG is to ensure speedy and coordinated investigation in the cases of persons whose names have appeared in the Panama paper leaks. The thrust areas identified at the conference also include expeditious analysis of evidence gathered from all possible sources, examination of implications of the newly enacted foreign black money law and examination of requests of other law enforcement agencies for sharing of relevant information and documents.

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History of this topic

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks
5 years, 5 months ago

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks

Firstpost  

The Delhi High Court on Tuesday queried the Centre on the powers of the Multi-Agency Group set up to probe individuals, including politicians, named in the ‘Bahamas leaks’ and ‘Panama papers leak’. New Delhi: The Delhi High Court on Tuesday queried the Centre on the constitution and powers of the Multi-Agency Group set up to probe the companies and individuals, …

Panama papers: Multi agency group looking into fresh revelations, says finance ministry
6 years, 9 months ago

Panama papers: Multi agency group looking into fresh revelations, says finance ministry

Firstpost  

The finance ministry on Thursday said the fresh revelations under the ‘Panama Paper Leaks’ are being looked into by the Multi Agency Group, which includes the tax department and the Reserve Bank New Delhi: The finance ministry on Thursday said the fresh revelations under the ‘Panama Paper Leaks’ are being looked into by the Multi Agency Group, which includes the …

Panama Papers return with more stings, all India needs to know
6 years, 9 months ago

Panama Papers return with more stings, all India needs to know

India Today  

Panama Papers are back. Fresh documents from the Panama Papers contain names of some big Indian business magnets who did not figure in the 2016 leak. Those Indian nationals whose links to offshore entities have been confirmed by the fresh leak include: Shiv Vikram Khemka - SUN group patriarch Nand Lal Khemka's son Actor Amitabh Bachchan Jehangir Sorabjee - the …

Panama papers case: ED to issue FEMA notices to 46 Indian entities for possible violations
7 years, 3 months ago

Panama papers case: ED to issue FEMA notices to 46 Indian entities for possible violations

Firstpost  

The Enforcement Directorate is set to issue fresh notices to more than 45 Indian entities named in the Panama Papers list New Delhi: The Enforcement Directorate is set to issue fresh notices to more than 45 Indian entities named in the Panama Papers list on charges of possible forex law violations, official sources said on Thursday. The agency, they said, …

As Paradise Leak Rages, What Have Agencies Done on Panama so Far?
7 years, 4 months ago

As Paradise Leak Rages, What Have Agencies Done on Panama so Far?

The Quint  

In April 2016, the Panama Papers hit headlines when 11.5 million secret files of a Panamanian law firm, Mossack Fonseca, were leaked. Almost a year and a half later, ICIJ has conducted another global investigation into the offshore activities of some powerful people in tax havens - the Paradise Papers. Around 714 Indians are named in the Paradise Papers, including …

Panama Papers: SC asks govt whether SIT needed to probe Indians revealed in leak
7 years, 11 months ago

Panama Papers: SC asks govt whether SIT needed to probe Indians revealed in leak

Firstpost  

The Supreme Court on Tuesday asked the government whether a Special Investigation Team should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks. New Delhi: The Supreme Court on Tuesday asked the government whether a Special Investigation Team should be constituted to probe the offshore accounts of Indians revealed in the Panama Papers leak. …

Panama papers case: SC asks Centre to file 6 reports of Multi-Agency Group
8 years ago

Panama papers case: SC asks Centre to file 6 reports of Multi-Agency Group

Firstpost  

Solicitor General appearing for the Centre, told the court that the bench should first go through reports of the MAG and thereafter decide whether it could be shared with the petitioner New Delhi: The Supreme Court on Tuesday asked the Centre to place before it in a sealed cover all the six reports of the Multi-Agency Group constituted by the …

Panama Leak: SC Seeks Report From Multi-Agency Probe Team
8 years ago

Panama Leak: SC Seeks Report From Multi-Agency Probe Team

Live Law  

The Supreme Court today asked the Centre to file within four weeks in a sealed cover the report of the Multi Agency Investigation Team set up in April last year to probe the panama paper leak caseWith 500 Indians being named in leaked 'Panama Papers' for alleged offshore holdings, government had in April last year formed the group to monitor …

Panama papers probe: Multi-agency group submits three reports to govt
8 years, 9 months ago

Panama papers probe: Multi-agency group submits three reports to govt

Firstpost  

Multi-agency group probing Panama papers, which named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports. New Delhi: The multi-agency group probing Panama papers, which named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports to the government. The Central Board of Direct Taxes has also been updating …

Govt. Constitutes SIT on Panama Papers Leaks
8 years, 11 months ago

Govt. Constitutes SIT on Panama Papers Leaks

Live Law  

The Government has constituted a Multi-Agency Group on 4th April 2016, inter alia, for facilitating co-ordinated and speedy investigation in the cases of Indian persons allegedly having undisclosed foreign assets and whose names are reportedly included in Panama Papers leaks. The Group consist of the officers of Investigation Division of the Central Board of Direct Taxes, Foreign Tax & Tax …

Govt. Constitutes SIT on Panama Papers Leaks
8 years, 11 months ago

Govt. Constitutes SIT on Panama Papers Leaks

Live Law  

The Government has constituted a Multi-Agency Group on 4th April 2016, inter alia, for facilitating co-ordinated and speedy investigation in the cases of Indian persons allegedly having undisclosed foreign assets and whose names are reportedly included in Panama Papers leaks. The Group consist of the officers of Investigation Division of the Central Board of Direct Taxes, Foreign Tax & Tax …

Panama Papers: US launches probe into offshore scandal
8 years, 11 months ago

Panama Papers: US launches probe into offshore scandal

Al Jazeera  

The United States Justice Department has launched a criminal investigation into offshore financial dealings exposed by the Panama Papers – leaked documents that showed money laundering and tax avoidance schemes by the wealthy and powerful. “The US Attorney’s Office for the Southern District of New York has opened a criminal investigation regarding matters to which the Panama Papers are relevant,” …

Panama Papers fallout: Investigators end search at Mossack Fonseca
8 years, 11 months ago

Panama Papers fallout: Investigators end search at Mossack Fonseca

Firstpost  

Panama City: Prosecutors have wrapped up their search at Mossack Fonseca’s offices, looking for evidence of any illegal activity in the company at the center of a document leak that revealed details of offshore financial accounts. Lead organised crime prosecutor Javier Caraballo emerged from the offices after 27 hours of searching to say investigators had seized 100 computer servers that …

Income Tax serves notices to nearly 50 people who figured in leaked Panama documents
8 years, 11 months ago

Income Tax serves notices to nearly 50 people who figured in leaked Panama documents

India TV News  

New Delhi: Income Tax department has dispatched detailed questionnaires to nearly 50 people whose name were appeared in the recently leaked confidential documents of Panamanian law firm Mossack Fonseca. The first part seeks clarification on whether they are the persons named in documents and whether they gave comments attributed to them on the offshore entities listed against their names. A …

Panama Papers: Strict investigation going on, says Jayant Sinha
8 years, 11 months ago

Panama Papers: Strict investigation going on, says Jayant Sinha

India TV News  

New Delhi: A strict investigation into 'Panama Papers' is on to find out if illegal activities have taken place in overseas Indian accounts, while full force of law has been applied to deal with 'wilful default' cases like that of Vijay Mallya, the Finance Ministry said today. Government has already constituted a multi-agency group including representatives of CBDT, Financial Intelligence …

Panama Papers Leaks: PIL filed in Bombay HC demanding CBI probe
8 years, 11 months ago

Panama Papers Leaks: PIL filed in Bombay HC demanding CBI probe

Live Law  

A PIL has been filed at the Aurangabad Bench of Bombay High Court, demanding constitution of an independent investigating body, and a criminal investigation by CBI into the Panama Papers leaks. As an interim measure, it has demanded that all the documents pertaining to the 500 persons be called from the custody of Indian Express to the Court in a …

Won't be 'scapegoat' for papers scandal: Panama govt
8 years, 11 months ago

Won't be 'scapegoat' for papers scandal: Panama govt

India TV News  

Panama City: The Panamanian government said that it would not accept the country being used as a "scapegoat" for the apparent financial misdeeds detailed in the Panama Papers. Panama "rejects and regrets" that anyone should want to "trample" its good name, "conveniently forgetting the participation in offshore operations of institutions and individuals of other nations", Efe news agency quoted Aleman …

Panama Papers: Huge leak alleges elites hiding money
8 years, 11 months ago

Panama Papers: Huge leak alleges elites hiding money

Al Jazeera  

Massive data leak from Panama firm throws spotlight on offshore dealings of world leaders, criminals and celebrities. by Charles Intriago, offshore banking expert Among the sitting world leaders named in the leak are Argentine President Mauricio Macri, Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson, and Ukraine’s President Petro Poroshenko. With “2.6 terabytes of data, 11.5 millions documents, and 214,000 shell companies: …

'Panama Papers': Black money SIT to investigate list
8 years, 11 months ago

'Panama Papers': Black money SIT to investigate list

ABP News  

New Delhi: The Special Investigation Team on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama. The latest list, after similar ones came in the the past like 'Swiss leaks' and the HSBC-list related to …

Panama Papers: What are they, who is involved and why are they important?
8 years, 11 months ago

Panama Papers: What are they, who is involved and why are they important?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The group said an anonymous source provided internal documents …

PM Modi sets up multi-agency team on Panama Papers leak, SIT to probe Indian names
8 years, 11 months ago

PM Modi sets up multi-agency team on Panama Papers leak, SIT to probe Indian names

India TV News  

New Delhi: With 500 Indians being reportedly named in leaked 'Panama Papers' for alleged offshore holdings, Prime Minister Narendra Modi today ordered the formation of a multi-agency probe team on the global expose by the International Consortium of Investigative Journalists. "A multi-agency group is being formed to monitor the black money trail," Finance Minister Arun Jaitley said after the expose …

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