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Author: Don Obrien

pandora papers: India will investigate Pandora Papers cases: Finance Ministry


The Central government said on Monday it would investigate cases linked to the Pandora Papers leak of financial documents, though it added that the “names of only a few Indians have appeared so far in the media”.

“The relevant investigative agencies would undertake investigation in these cases and appropriate action would be taken in such cases as per law,” the Ministry of Finance said in a statement.

The probe will be undertaken by a Multi Agency Group, headed by CBDT Chairman J.B. Mohapatra and having representatives from CBDT, ED, RBI & FIU.

The Central Board of Direct Taxes (CBDT) said Monday that appropriate action would be taken in such cases as per law, and that the government will proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers or entities.

“The relevant investigative agencies would undertake investigation in these cases and appropriate action would be taken in such cases as per law,” the Board said in a statement.

“With a view to ensure effective investigation in these cases, the government will also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers/entities,” it added.

“With a view to ensure effective investigation in these cases, the Government will also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers/entities.”

The Board further stated that names of only a few Indians – legal entities as well as individuals – have appeared so far in the media, and the website of ICIJ suggests that information will be released in phases and structured data connected to the Pandora Papers investigation will be released only in the days to come on its offshore leaks database.

with inputs from Gulveen Aulakh





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