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 sealed envelope.The Panama leaks, being termed. The Panama leaks, being termed as history’s biggest leak, pertain to an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca. Mr. Jadhav claims that the information regarding beneficial ownership of the Indian residents of off-shore companies, if true, would point towards violation of Section 3 and 4 of FEMA as also the Prevention of Money Laundering Act and Black Money Act 2015.

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History of this topic

Panama papers scandal 2.0? Titled Pandora papers, ICIJ set to release largest expose of financial secrecy yet
3 years, 5 months ago

Panama papers scandal 2.0? Titled Pandora papers, ICIJ set to release largest expose of financial secrecy yet

Firstpost  

The Panama government has written a letter stating that “any publication” reinforcing “a false perception” of the country as a possible tax haven “will have devastating consequences” Panama City, Panama: Panama fears the publication Sunday of a new expose about financial secrecy in global tax havens could again taint its reputation, which was seriously damaged by the “Panama Papers” scandal, …

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 …

Enforcement Directorate begins probing 11 Panama Papers firms
8 years, 1 month ago

Enforcement Directorate begins probing 11 Panama Papers firms

Deccan Chronicle  

Hyderabad: The Panama Papers are back here to haunt city industrialists. Following directions issued by the Centre, the Enforcement Directorate has begun a probe into 11 companies named in the Panama Papers, the global media investigation into alleged tax evasions which has brought 415 Indians under the scanner of investigating agencies. Entrepreneur Moturi Srinivas Prasad, who was secretary of the …

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 …

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 …

37,000 India files in new Panama papers released
8 years, 10 months ago

37,000 India files in new Panama papers released

The Hindu  

The International Consortium of Investigative Journalists late on Monday released 2.6 terabyte of >Panama papers data on over 11.5 million financial and legal records, including about 37,000 files related to India. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted …

Panama Papers leak: How you can finally read the documents from the tax dodging scandal
8 years, 10 months ago

Panama Papers leak: How you can finally read the documents from the tax dodging scandal

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. Read our privacy policy Documents showing how thousands of …

Panama Papers: Individuals and companies named in document leak set to be revealed
8 years, 10 months ago

Panama Papers: Individuals and companies named in document leak set to be revealed

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thousands of individuals and offshore companies found in the Panama Papers …

Panama Papers: Whistleblower breaks silence to explain why they leaked the 11.5m files
8 years, 10 months ago

Panama Papers: Whistleblower breaks silence to explain why they leaked the 11.5m files

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In April, the leak of …

Panama Papers: Millions of leaked documents expose how world’s rich and powerful hid money
8 years, 10 months ago

Panama Papers: Millions of leaked documents expose how world’s rich and powerful hid money

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Millions of confidential documents …

Govt. Constitutes SIT on Panama Papers Leaks
8 years, 10 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, 10 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: Police raid Mossack Fonseca’s offices
8 years, 11 months ago

Panama Papers: Police raid Mossack Fonseca’s offices

Al Jazeera  

Prosecutors say raids at the law firm’s headquarters in Panama city went off “with no incident or interference”. Panamanian police have raided the headquarters of the law firm whose leaked documents unleashed a global scandal over how the rich and powerful use offshore companies to hide their wealth. Organised crime police surrounded Mossack Fonseca’s headquarters in Panama City on Tuesday …

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: What India Should Do To Get Mossack Fonseca Files
8 years, 11 months ago

Panama Papers: What India Should Do To Get Mossack Fonseca Files

The Quint  

1) The multi-agency committee formed by the govt should request the Panama govt to freeze bank account details and other documents which are in possession of the law firm Mossack Fonseca. 2) The Financial Intelligence Unit can collect information on the 500 Indians mentioned in the Panama Papers, from documents in possession of the International Consortium of Investigative Journalists. 3) …

Panama Papers: Government vows to boost transparency
8 years, 11 months ago

Panama Papers: Government vows to boost transparency

Al Jazeera  

President Varela commissions new panel to evaluate practices and propose measures in consultation with other countries. Panama’s government is creating an international committee of experts to recommend ways to boost transparency in the Central American country’s offshore financial industry, after the leak of information from a local law firm that has embarrassed a clutch of world leaders. “The Panamanian government, …

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 Leaks: Pakistan PM Nawaz Sharif forms high-level probe panel
8 years, 11 months ago

Panama Leaks: Pakistan PM Nawaz Sharif forms high-level probe panel

India TV News  

Islamabad: Pakistan Prime Minister Nawaz Sharif has formed a high-level judicial commission a day after three of his children were named in the 'Panama Papers' for owning offshore companies which had prompted the opposition to demand a probe. My family was not involved in politics till much later, as such, even before I got into politics, we were an established …

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: …

#PanamaPapers: Who’s Who & What’s What of the Leak of the Century
8 years, 11 months ago

#PanamaPapers: Who’s Who & What’s What of the Leak of the Century

The Quint  

On Sunday, over 100 news organisations from around the world dropped simultaneous investigations into a massive leak of data belonging to Mossack Fonseca, a Panamanian firm specialising in establishing shell corporations, which revealed how the world’s ultra-wealthy – including major world leaders and their associates – hide their money. The International Consortium of Investigative Journalists’ analysis of the leaked records …

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 …

Inside the Panama Papers: Massive leak shows just how extensive corruption is worldwide, implicating politicians, human traffickers and drug dealers
8 years, 11 months ago

Inside the Panama Papers: Massive leak shows just how extensive corruption is worldwide, implicating politicians, human traffickers and drug dealers

Salon  

"My life is in danger," read an anonymous message. Substantially larger than WikiLeaks' 2010 release of U.S. diplomatic cables or Edward Snowden's 2013 release of NSA files, the leak consists of 11.5m documents from the world's fourth-largest offshore law firm, Mossack Fonseca. Many Western media reports on the Panama Papers framed the story around Russian President Vladimir Putin, whose close …

The Panama Papers: 7 things to know
8 years, 11 months ago

The Panama Papers: 7 things to know

CNN  

Story highlights Media coalition reports a Panama law firm helped set up secret offshore companies and accounts to hide money The papers allegedly show a network tied to Russian President Vladimir Putin and other world power players The documents were reported on by the International Consortium of Investigative Journalists and many other outlets CNN — On Sunday, the International Consortium …

Panama Papers: Unprecedented Leak Reveals $2 Billion Offshore Trail to Putin
8 years, 11 months ago

Panama Papers: Unprecedented Leak Reveals $2 Billion Offshore Trail to Putin

Slate  

A global team of journalists has published an investigation that reveals how a network of associates to Russian President Vladimir Putin has moved around $2 billion through offshore accounts. The revelation comes from 2.6 terabytes of encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells offshore companies, which were leaked to German newspaper Süddeutsche Zeitung. Specifically, the …

Finance Ministry leak: More officials may be involved, says CBI-India TV News
10 years ago

Finance Ministry leak: More officials may be involved, says CBI-India TV News

India TV News  

New Delhi: According to the sources of Central Bureau of Investigation more government officials are likely to be involved in the alleged sale of confidential documents and information from the Ministries of Finance and Commerce. The new case of corporate espionage relates to documents on foreign direct investment or FDI, allegedly sold for financial gain by the officials to a …

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