Awaiting detailed info on Paradise Papers, says probe panel chief
THE multi-agency group (MAG) on Paradise Papers is looking to obtain more data on those Indians named in the global tax leaks before launching an investigation, the head of the probepanelonTuesdaysaid.
“Very sketchy information has come so far on these papers. Even the ICIJ website has said that they will upload complete details after November 15 about these persons. Once we get the details, we will start our investigations,” CBDT Chairman Sushil Chandra said. Chandra heads the MAG that comprises other probe and regulatory agencies like the Enforcement Directorate (ED), the Reserve Bank of India and the Financial Intelligence Unit (FIU).
“Until and unless we know which year they (those named in the list) have opened the foreign company, which year the money has gone from here (India), it is futile to make an exercise now.
“Only when we have details, we will match them with returns and then we will take further action,” he told reporters on the sidelines of an event here.