Panama Papers Offshore Accounts Leak

At least 150 Pakistani nationals, including the son of a former minister and an ex-lawmaker of fundamentalist Jamaat-e-Islami party, were among the people owning offshore firms in the Carribean tax haven of Bahamas, according to new set of data published on Thursday.

The Supreme Court today 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.

Investigators, probing the 'Panama Papers' leak where several hundred Indian identities figure, have found that a number of these offshore asset investments have been made in the tax haven of British Virgin Islands.

The ICIJ has published a massive trove of 'Panama Papers' information on detailed offshore holding of companies in various tax haven nations including thousands of documents related to India linking close to 2,000 individuals, entities and addresses from the country.

The Supreme Court today sought response from the Centre on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Government today said in the Lok Sabha that it has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts.

Before the Panama Papers scandal landed on this equatorial isthmus with hurricane force, the little country had been riding high. It boasted one of the fastest growth rates in Latin America last year, above 6 percent.

The multi-agency group, set up to probe offshore accounts disclosed in Panama Papers, is analysing each and every account and those having illegal holdings will not "get sleep at night", Finance Minister Arun Jaitley said on Thursday.

President Vladimir Putin on Thursday denied having any links to offshore accounts and described the Panama Papers document leaks scandal as part of a U.S.-led plot to weaken Russia.

The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by a Panama law firm.

Governments around the world tried Tuesday to contain the fallout from the publication of thousands of names of rich and powerful people who conducted offshore financial activity through a Panamanian law firm.

Questioning the government's decision to constitute a multi-agency team to look into the leaked 'Panama Papers', JD(U) chief Sharad Yadav today said it was "embarrassing" that the list of account holders includes the names of Padma awardees.

Ukrainian President Petro Poroshenko on Monday denied any wrongdoing after documents leaked from a Panama law firm showed him holding three offshore accounts that could be used as tax havens.

BJP today said the Modi government will take "stringent action" against those who have violated the law, following the release of 'Panama Papers' featuring alleged links of over 500 Indians to firms and accounts in offshore tax havens.

The Special Investigation Team (SIT) on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama.

At least 150 Pakistani nationals, including the son of a former minister and an ex-lawmaker of fundamentalist Jamaat-e-Islami party, were among the people owning offshore firms in the Carribean tax haven of Bahamas, according to new set of data published on Thursday.

The Supreme Court today 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.

Investigators, probing the 'Panama Papers' leak where several hundred Indian identities figure, have found that a number of these offshore asset investments have been made in the tax haven of British Virgin Islands.

The ICIJ has published a massive trove of 'Panama Papers' information on detailed offshore holding of companies in various tax haven nations including thousands of documents related to India linking close to 2,000 individuals, entities and addresses from the country.

The Supreme Court today sought response from the Centre on a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.

Government today said in the Lok Sabha that it has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts.

Before the Panama Papers scandal landed on this equatorial isthmus with hurricane force, the little country had been riding high. It boasted one of the fastest growth rates in Latin America last year, above 6 percent.

The multi-agency group, set up to probe offshore accounts disclosed in Panama Papers, is analysing each and every account and those having illegal holdings will not "get sleep at night", Finance Minister Arun Jaitley said on Thursday.

President Vladimir Putin on Thursday denied having any links to offshore accounts and described the Panama Papers document leaks scandal as part of a U.S.-led plot to weaken Russia.

The president of Ukraine became the latest prominent politician to deny wrongdoing Wednesday after his name was linked to secretive offshore accounts arranged by a Panama law firm.

Governments around the world tried Tuesday to contain the fallout from the publication of thousands of names of rich and powerful people who conducted offshore financial activity through a Panamanian law firm.

Questioning the government's decision to constitute a multi-agency team to look into the leaked 'Panama Papers', JD(U) chief Sharad Yadav today said it was "embarrassing" that the list of account holders includes the names of Padma awardees.

Ukrainian President Petro Poroshenko on Monday denied any wrongdoing after documents leaked from a Panama law firm showed him holding three offshore accounts that could be used as tax havens.

BJP today said the Modi government will take "stringent action" against those who have violated the law, following the release of 'Panama Papers' featuring alleged links of over 500 Indians to firms and accounts in offshore tax havens.

The Special Investigation Team (SIT) on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama.