Fresh Panama leaks being looked into, says Finance Ministry

Fresh Panama leaks being looked into, says Finance Ministry

The Finance Ministry said in a statement on Thursday, “The fresh release made in the media today under the ‘Panama Paper Leaks’ is being promptly looked into by the law enforcement agencies, under the aegis of the MAG already constituted for facilitating coordinated and speedy investigation.”
It said the Panama Paper leaks involving 426 persons have been already investigated by the Income Tax Department and other member agencies of the MAG.
In the 74 cases found actionable, it said “invasive actions” were taken in 62 cases with searches conducted in 50 cases, and surveys in 12 cases leading to detection of undisclosed foreign investments of about ? 1,140 crore. In 16 cases, criminal prosecution complaints have been filed in jurisdictional courts, which are at various stages of hearing.