Panama papers: SC grants 2 more weeks to Centre to file reply
August 29, 2016 17:42
The Supreme Court on Mondya granted two more weeks to the Centre to file its response on a plea seeking CBI probe against Indian offshore bank account holders named in the Panama papers.
A bench, comprising Justices Dipak Misra and C Nagappan, granted more time to the government to file the affidavit after the Centre told the court that investigation is in progress and it was looking into the allegations.
It also issued a notice to the Centre on a similar but fresh plea filed by Manik Bhimrao Jadhav, a former Maharashtra MLC, seeking setting up of a commission of Inquiry to look into "illegal investments" made in off-shore companies.
The bench said it would tag the fresh one with the earlier pending PIL on the issue.
A Multi-Agency Group of various investigative agencies has been formed by the government to go into the disclosures made in the list which includes about 500 Indian entities.
The leak of Panama Papers contain an unprecedented amount of information, including more than 11 million documents covering 2,10,000 companies in 21 offshore jurisdictions. Each transaction spans different jurisdictions and may involve multiple entities and individuals.
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