Government reconstitutes Multi-Agency Group probe into Paradise Papers revelation
- The Union Government has reconstituted Multi-Agency Group
(MAG) to investigate cases relating to ‘Paradise Papers’ data disclosure which
is also probing the Panama Papers leak.
- It will be led by Central Board of Direct Taxes (CBDT) Chairman
and will have representatives from Enforcement Directorate, RBI and Financial
- The MAG was constituted in April 2016 to investigate
legality of money stashed in offshore entities by Indians named in Panama
Papers by International.
- Consortium of Investigative Journalists (ICIJ).
- Panama Papers had named several prominent Indian
politicians, actors, and businessmen as having offshore undisclosed bank
- The Paradise Papers, a largest ever leak of financial data
containing 13.4 million documents on offshore entities involving people and
companies from 180 countries to dodge tax.
- The files were first obtained by German newspaper
Suddeutsche Zeitung and shared with ICIJ and partner 95 media outlets that
includes Indian partner The Indian Express.