Panama Papers: SC to hear plea seeking 'court monitored' probe
March 07, 2017  09:39
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The Supreme Court on Tuesday will hear the petition seeking a detailed court monitored investigation against the Indian offshore account holders and stock market regulators, whose names had been exposed in the Panama papers leak case.

The petition was filed by Supreme Court advocate Manohar Lal Sharma, seeking an apex court-monitored probe into the matter.

Many Indian industrialists and celebrities have been named in the Panama papers leak case, the petition of Sharma claimed.

Sharma had earlier sought a direction to the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act.

A bench led by Justice Dipak Misra was asked to direct the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act.

The International Consortium of Investigative Journalists (ICIJ), a non-profit organization based in Washington, obtained a cache of 11.5 million records detailing the offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars.
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