Udayavni Special

Panama papers case: SC asks Centre to file six reports of MAG


Team Udayavani, Mar 7, 2017, 2:31 PM IST

New Delhi: The Supreme Court today asked the Centre to place before it in a sealed cover all the six reports of the Multi-Agency Group (MAG) constituted by the government to probe the Panama papers case.

The direction came after the Centre told the bench headed by Justice Dipak Misra that the Multi-Agency Group has completed the sixth report of its ongoing investigation and the government is prepared to place all reports before the court.

“We direct the Union of India to file all six reports in a sealed cover within four weeks,” the bench also comprising Justices A M Khanwilkar and Justice M M Shantanagoudar said.

The Centre had constituted a multi agency group consisting of officers of the Central Board of Direct Taxes(CBDT), Reserve Bank of India (RBI), Enforcement Directorate and Financial Intelligence Unit to investigate the Panama case.

Solicitor General (SG) Ranjit Kumar, appearing for the Centre, told the court that the bench should first go through reports of the MAG and thereafter decide whether it could be shared with the petitioner or not.

The submission by the SG came after petitioner advocate M L Sharma said the report should also be given to him so that he can argue the matter further.

At the outset, Sharma argued that the government agencies were not investigating this case properly and they have concealed material facts from the apex court.

To this, the bench said, “How can you say that they are not doing it (probe)? They have said they are investigating the matter and when a stand is taken by respondents (Centre, RBI and others) that they are investigating, how can we say anything at this stage?” 

The apex court had on November 24 last year sought a response from the petitioner on the plea of market regulator SEBI that it has been dragged as a party in a PIL seeking a court-monitored CBI probe against Indians whose names have figured in the Panama papers for allegedly holding bank accounts in foreign countries.

The Centre had sought dismissal of the PIL, saying MAG has already been set up to ensure “speedy and coordinated” probe against Indians whose names have figured in the Panama papers.

Five reports have already been submitted by MAG to the apex court-appointed Special Investigation Team on black money which is led by Justice (retd) M B Shah, and in a sealed cover to a Supreme Court bench hearing the black money case.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Jacqueline Fernandez skips 3rd ED summons in PMLA case involving Sukesh Chandrashekar

Fire erupts at Kuwait oil refinery; no casualties reported

Why are you so scared of saffron: Raghupathi Bhat questions Siddaramaiah

Guj: 2 killed in fire in Surat packaging unit; over 70 rescued

State govt lifts curbs at MM Hills pilgrimage centre

Udupi: Children get Covid shots only if adults are vaccinated

Twin peaks: Sensex crosses 61,800, Nifty at record 18,460

Related Articles More

FIR lodged against devotees for performing bhajan & kirtan violating COVID-19 guidelines

Jacqueline Fernandez skips 3rd ED summons in PMLA case involving Sukesh Chandrashekar

Difficult for middle class to travel even by road: Priyanka Gandhi on rising fuel prices

FIR lodged against devotees for performing bhajan & kirtan violating COVID-19 guidelines

Water level in dams rising in Kerala

MUST WATCH

Real star Upendra who came to see a special fan

Raw Banana Flour | BAKAHU Shavige Preparation

Gowli Traditional Dance Performence at Dandeli

Mysore Dasara 2021 : Farewell to Dasara Elephants

Benefits of paddy farming


Latest Additions

FIR lodged against devotees for performing bhajan & kirtan violating COVID-19 guidelines

Jacqueline Fernandez skips 3rd ED summons in PMLA case involving Sukesh Chandrashekar

Bengaluru: Woman trying to buy used Audi car cheated of Rs 10 lakh

Difficult for middle class to travel even by road: Priyanka Gandhi on rising fuel prices

FIR lodged against devotees for performing bhajan & kirtan violating COVID-19 guidelines

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.