New Delhi: The government on Monday said action will be taken against unlawful accounts held abroad and formed a multi-agency group to monitor the Panama Papers leak which features names of some prominent Indians.
The team comprises officials from the CBDT, Finance Intelligence Unit, Foreign Tax and Tax Research and RBI."
"I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched," Jaitley said.
His comments came on a day the Indian Express carried a report based on leaked documents of a Panama law firm Mossack Fonseca which is said to feature links of some prominent Indians to offshore firms.
The newspaper claimed that the list included foundations and trusts and passport details of 234 Indians. More names may come out in the next few days.
Meanwhile, the Special Investigation Team (SIT) on black money also said it will investigate thoroughly the reported secret list.
"Investigations are being carried out. We are going to investigate it (the list) thoroughly," SIT Chairman Justice (retd) M Shah told PTI.
( With PTI inputs)
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