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 government to probe the Panama papers case. “We direct the Union of India to file all six reports in a sealed cover within four weeks,” the bench also comprising Justices A. M. Khanwilkar and Justice M. M. Shantanagoudar said. They have said they are investigating the matter and when a stand is taken by respondents that they are investigating, how can we say anything at this stage?” The apex court had on 24 November last year sought a response from the petitioner on the plea of market regulator Sebi that it has been dragged as a party in a PIL seeking a court-monitored CBI probe against Indians whose names have figured in the Panama papers for allegedly holding bank accounts in foreign countries. Five reports have already been submitted by MAG to the apex court-appointed special investigation team on black money which is led by Justice M. B. Shah, and in a sealed cover to a Supreme Court bench hearing the black money case.

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History of this topic

Money Laundering Case: ED Files 2nd Supplementary Chargesheet Against Ex-Cuttack MLA, His Wife
1 year, 5 months ago

Money Laundering Case: ED Files 2nd Supplementary Chargesheet Against Ex-Cuttack MLA, His Wife

News 18  

Enforcement Directorate last month filed a second supplementary Prosecution Complaint against erstwhile Choudwar-Cuttack MLA Pravat Ranjan Biswal and his wife Laxmi Bilasani Biswal in connection with the ongoing money-laundering case, the agency said on Tuesday. The probe agency also named M/s Seashore Securities Ltd., M/s Seashore Multipurpose Cooperative Ltd., their two directors Prashant Kumar Dash and Pravat Kumar Dash, and …

Supreme Court concerned over eight states not giving consent for CBI probe
3 years, 4 months ago

Supreme Court concerned over eight states not giving consent for CBI probe

Deccan Chronicle  

New Delhi: The Supreme Court on Monday expressed concern over eight state governments – all non-BJP ruled states -- not granting “general consent” to the Central Bureau of Investigation to carry out investigation in their respective states, describing it as not a “desirable position”. Sundresh expressed concern over the state of affairs as the investigating agency informed the court that …

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 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, …

Criminal proceedings to be launched in Panama Papers cases, says Arun Jaitley
7 years, 7 months ago

Criminal proceedings to be launched in Panama Papers cases, says Arun Jaitley

India TV News  

Finance Minister Arun Jaitley on Tuesday assured the Parliament that criminal proceedings will be carried out in cases arising out of the Panama Papers disclosures. "In cases of which we are receiving details, we send notices, assess their income tax details and raise tax demand. On the Goods and Services Tax which has completed one month of implementation, Jaitley said …

SC Tells CBI To Submit SFL Report On Vyapam Scam Before Court By Oct [Read Application]
7 years, 8 months ago

SC Tells CBI To Submit SFL Report On Vyapam Scam Before Court By Oct [Read Application]

Live Law  

The Supreme Court on Friday directed the CBI to furnish the SFL report prepared by Hyderabad Laboratory in connection to the electronic evidence in Vyapam scam before the special court by October.A bench headed by Chief Justice of India JS Khehar disposed of a petition filed by whistleblower Prashant Pandey alleging that electronic evidence, including the excelsheet, was tampered with …

Panama Papers case: Pak probe panel to file final report
7 years, 8 months ago

Panama Papers case: Pak probe panel to file final report

The Hindu  

A joint investigation team probing the Panamagate graft case against Pakistan Prime Minister Nawaz Sharif’s family will on Monday submit its final report to the Supreme Court. Besides other evidence, the report will include statements of Prime Minister Sharif; his brother and Punjab Chief Minister Shahbaz Sharif; his children Hussain, Hassan and Maryam Sharif and son-in-law retired Captain Mohammad Safdar. …

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 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 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 …

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: 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 …

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) …

Unravelling Panamagate Will be a Challenge For Indian Agencies
8 years, 11 months ago

Unravelling Panamagate Will be a Challenge For Indian Agencies

The Quint  

I agree with the government’s decision to constitute a multi-agency group to probe the matter. The decision not to remit this to the Supreme Court’s own SIT headed by Justice MB Shah that is pursuing black money is sensible. It will utilise the powers conferred on the income tax authorities by the IT Act 1961, as amended from time to …

Let SC examine the papers, says Congress
8 years, 11 months ago

Let SC examine the papers, says Congress

The Hindu  

The Congress on Monday criticised the BJP-led NDA government’s decision to form a “multi-departmental committee” for examining the “Panama Papers” expose, and demanded instead that the matter should be moved to the Supreme Court that was examining 1,600 foreign bank accounts of Indian, suspecting them to be repositories of black money. “Congress rejects in toto the shoddy attempt by the …

'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 …

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 …

Blackmoney: Dossier on 15 entities with government| IndiaTV News
9 years, 10 months ago

Blackmoney: Dossier on 15 entities with government| IndiaTV News

India TV News  

New Delhi: The Supreme Court constituted Special Investigation Team on black money has received a new dossier on tax related business information on about 15 entities which have allegedly stashed illicit money abroad. Work is also "in progress" in various investigation and enforcement agencies regarding 600 suspect names and addresses obtained from abroad by the Central Economic Intelligence Bureau. The …

SIT on black money reviewed the work of agencies in the probing of tax evasion-India TV News – India TV
9 years, 11 months ago

SIT on black money reviewed the work of agencies in the probing of tax evasion-India TV News – India TV

India TV News  

New Delhi: The Special Investigation Team on black money today reviewed the work done by various agencies in connection with their respective probes in tax evasion, duty theft and money laundering cases. The meeting held in the national capital is seen as important as the high-powered panel is soon expected to file a fresh status report in the Supreme Court …

Black money: SIT brings new intelligence agency on board | IndiaTV News
10 years, 1 month ago

Black money: SIT brings new intelligence agency on board | IndiaTV News

India TV News  

New Delhi: In order to speed up its probe into cases of illegal funds stashed abroad, the SIT on black money has roped in one more economic intelligence agency— CEIB—as the main “coordinating body” between all the investigative and enforcement agencies which are part of the high-powered panel. It is the 12th agency which will work with the SIT on …

Coal scam: CBI files progress report in sealed cover
10 years, 1 month ago

Coal scam: CBI files progress report in sealed cover

India TV News  

New Delhi: CBI today filed the progress report of its further investigation in a sealed cover before a special court in connection with a coal blocks allocation scam case allegedly involving former Coal Secretary P C Parakh, industrialist Kumar Mangalam Birla and others. The progress report was filed in pursuance to the court's December 16, 2014 order in which it …

CBDT issues directive to finish probe in blackmoney case by 31 March
10 years, 2 months ago

CBDT issues directive to finish probe in blackmoney case by 31 March

Firstpost  

New Delhi: Investigations against black money holders in Swiss bank accounts, known as the HSBC list, have been put on a fast-track as the CBDT has asked tax sleuths to quickly gather all foreign-based evidences in these cases and render final action by March-end. They said the Central Board of Direct Taxes, the apex policy making body of the I-T …

Blackmoney: Supreme Court asks Centre to ensure IT probe by March, 2015
10 years, 3 months ago

Blackmoney: Supreme Court asks Centre to ensure IT probe by March, 2015

India TV News  

New Delhi: The Supreme Court today asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, be completed by March next year so that they do not get time barred. A Bench headed by Chief Justice H L Dattu also asked the apex court-appointed Special …

National database on black money soon
10 years, 4 months ago

National database on black money soon

Firstpost  

The Special Investigation Team on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes will pool in vital classified information to be shared for seamless investigation. New Delhi: The Special Investigation Team on black money has decided to create a rich national database where multiple agencies probing tax and financial crimes …

Centre submits list of 627 foreign account holders in a sealed envelope to the Supreme Court in black money case
10 years, 4 months ago

Centre submits list of 627 foreign account holders in a sealed envelope to the Supreme Court in black money case

Live Law  

After being directed to disclose the names in the black money case the Attorney General for India, Mukul Rohatgi today submitted the list containing names of 627 account holders in HSBC, Geneva in a sealed envelope to the Supreme Court. The Supreme Court had now asked the SIT to take appropriate action after going through the list submitted and submit …

CBI registers 46 cases in Saradha scam
10 years, 9 months ago

CBI registers 46 cases in Saradha scam

The Hindu  

The Central Bureau of Investigation has registered 46 cases in the Saradha chit fund scam involving over Rs.10,000 crore of public investments in schemes promising astronomical returns. “In West Bengal, three cases have been registered under various provisions of the Indian Penal Code against the Saradha group of companies, the group head Sudipta Sen, the former chief executive officer of …

CBI registers record no of 46 cases on a single day in Saradha scam
10 years, 9 months ago

CBI registers record no of 46 cases on a single day in Saradha scam

India TV News  

New Delhi: CBI today registered a record number of 46 cases in a day to probe the multi-crore rupee Saradha chit fund scam in which sitting Trinamool Congress' Rajya Sabha MP Kunal Ghosh has been named as an accused. After registering 43 cases in Odhisa and three cases in West Bengal, CBI said it would also be probing the role …

Saradha scam: CBI registers record 46 cases in a single day
10 years, 9 months ago

Saradha scam: CBI registers record 46 cases in a single day

The Hindu  

The CBI on Wednesday registered a record number of 46 cases in a day to probe the multi-crore rupee Saradha chit fund scam in which sitting Trinamool Congress’ Rajya Sabha MP >Kunal Ghosh has been named as an accused. The CBI named Sudipta Sen, Saradha Group’s chief, besides others, in the cases which have been registered under various sections of …

IT dept carrying out probe on gas row: Govt tells SC
10 years, 11 months ago

IT dept carrying out probe on gas row: Govt tells SC

India TV News  

New Delhi: The Centre today told the Supreme Court that an investigation was being carried out by Income Tax department into an alleged money laundering issue raised during hearing of pleas, seeking cancellation of Reliance Industries Ltd's contract for exploration of oil and gas from Krishna-Godavari basin. Solicitor General Mohan Parasaran, who was making submission before a bench headed by …

WB chit fund scam: Sudipta Sen denies links with Mamata Banerjee
11 years, 10 months ago

WB chit fund scam: Sudipta Sen denies links with Mamata Banerjee

India TV News  

Kolkata, May 16: Saradha group chairman Sudipta Sen, who has been accused of cheating lakhs of investors of their money running into thousands of crores, on Wednesday opposed a Central Bureau of Investigation probe into the complaints against him and his companies in an affidavit filed before the Calcutta High Court. He claimed before a division bench comprising Chief Justice …

What steps have you taken, court asks WB
11 years, 11 months ago

What steps have you taken, court asks WB

The Hindu  

The Calcutta High Court directed the West Bengal government on Thursday to file an affidavit on the steps it had taken after the collapse of chit funds operations of the Saradha Group. Hearing a public interest litigation petition demanding investigation by the Central Bureau of Investigation into the “scam”, a Division Bench comprising Chief Justice Arun Mishra and Justice Joymalyo …

CBI files status report on 2G
14 years, 3 months ago

CBI files status report on 2G

The Hindu  

The Central Bureau of Investigation submitted its status report in the Supreme Court in a sealed cover on Monday, giving details of the investigation conducted so far in the 2G spectrum case. The development comes in the wake of the court asking what action the agency had taken against those involved in the scam and why it had not so …

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