In a major development to the Panama papers leak case, the Supreme Court on Tuesday asked the Centre to file…
The Supreme Court of India (PHOTO: SNS)
In a major development to the Panama papers leak case, the Supreme Court on Tuesday asked the Centre to file in a sealed cover report of a multi-agency probe into the case, which was set up in April last year.
The apex court said that only after going through the reports it would see whether the matter needs a SIT probe or not. The next hearing is on April 18.
Lawyer Manohar Lal Sharma had filed a plea in the apex court seeking a thorough investigation into the Panama papers leak case. The apex court was hearing 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.
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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 case is currently being monitored by multiple agencies headed by the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal and includes officials from the investigative unit of the CBDT and its Foreign Tax and Tax Research division, the Financial Intelligence Unit (FIU) and the Reserve Bank of India (RBI).
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