The Supreme Court on Monday issued a notice to Reserve Bank Of India (RBI) and Securities and Exchange Board of India (Sebi) on a plea seeking CBI probe against offshore account holder revealed in Panama papers.
With a view to facilitate coordinated and speedy investigation in the leak, the central government had already constituted a Multi-Agency Group on April 4, comprising of Investigative Division of Central Board of Direct Taxes (CBDT), Foreign Tax and Tax Research Division of CBDT, Enforcement Directorate (ED), Financial Intelligence Unit (FIU) and Reserve Bank of India, and its Convener is member (Investigation) CBDT.
The papers, taken from Panama-based law firm Mossack Fonseca’s servers, first leaked in early April. They caused a swift backlash, leading to Iceland’s Prime Minister Sigmundur David Gunnlaugsson resigning after his offshore dealings and usage of tax havens were revealed.
On Sunday, the anonymous whistleblower behind the leak conditionally offered to make the documents available to government authorities.