Explorer

'Panama Papers': Black money SIT to investigate list

New Delhi: The Special Investigation Team (SIT) 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. "Investigations are being carried out. We are going to investigate it (the list) thoroughly," SIT Chairman Justice (retd) M B Shah told PTI. Asked if the SIT had any information on these names, he said the panel got it today. "No. We got the information just now," he said. The Vice Chairman of the panel, Justice (retd) Arijit Pasayat, said they have asked agencies like the Enforcement Directorate, IT Department and the Directorate of Revenue Intelligence to make an assessment of the list and prepare a report in this regard. "We want to know what is the truth behind these. The SIT did not have these reports. Maybe, the investigative agencies had. So, once they submit a report to us then we can take the required action," Pasayat said. The list has been brought by the International Consortium of Investigative Journalists (ICIJ) in collaboration with news publications across the globe including India and pertains to offshore investments made by Indians between a period of 1977 and 2015. The latest list, after similar ones came in the the past like 'Swiss leaks' and the HSBC-list related to Indians, claims it has sourced data in connection to millions of documents which show heads of state, criminals and celebrities using "secret hideaways" in tax haven country of Panama. However, ICIJ adds a disclaimer that there are also "legitimate uses for offshore companies". "The Panama papers expose the internal operations of one of the world's leading firms in incorporation of offshore entities, Panama-headquartered Mossack Fonseca. The 2.6 terabytes of data that make up the Panama Papers files were obtained by German newspaper Sddeutsche Zeitung and shared with ICIJ and more than 100 media partners... "ICIJ will release the full list of companies and people linked to them in early May," the ICIJ said on its web portal as it called the leaks "The Panama Papers".
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Jammu-Kashmir: 1 Terrorist Killed In Sopore Encounter; Army Chief Reviews Security Situation In Kathua
Jammu-Kashmir: 1 Terrorist Killed In Sopore Encounter; Army Chief Reviews Security Situation In Kathua
US Election Results: Biden, Trump Oval Office Meet Set For Nov 13 As Focus Shifts To New Govt’s Policy Agenda
US Election Results: Biden, Trump Oval Office Meet Set For Nov 13 As Focus Shifts To New Govt’s Policy Agenda
Jharkhand Polls: ‘JMM Govt Laid Out Red-Carpet For Bangladeshi Infiltrators,’ Amit Shah Vows Deportation
‘JMM Govt Laid Out Red-Carpet For Bangladeshi Infiltrators’: Amit Shah Vows Deportation
Maharashtra Polls: 'Batenge, Katenge' Vs 'Ek Hai Safe Hai' — Kharge Asks BJP’s Pick Between Modi & Yogi Remarks
Maharashtra Polls: 'Batenge, Katenge' Vs 'Ek Hai Safe Hai' — Kharge Asks BJP’s Pick Between Modi & Yogi Remarks
Advertisement
ABP Premium

Videos

Dengue Surge in Ludhiana: 301 Cases Reported This Year, 44 in First Week of NovemberRising Pollution in Delhi, What’s Fueling the AQI Surge? | ABP NewsSharda Sinha's Health Struggles, What Illness Affected the Renowned Singer?Guava: The Superfruit That Fights Diseases and Boosts Health | Health Live

Photo Gallery

Embed widget