Paradise Papers cases to be considered on individual merit: FM
Team Udayavani, Nov 8, 2017, 10:43 AM IST
New Delhi: Finance Minister Arun Jaitley today said the Union government will consider each case brought out by ‘Paradise Papers’ on its “individual merit”.
He told reporters that the government probe into the leaked documents from a Bermuda-based global offshore law firm, detailing financial holdings abroad of over 714 Indian entities and individuals, will follow the process similar to the one undertaken in ‘Panama Papers’ investigation
“It will be found out that who are those people with totally illegal accounts and who have plausible defence…. Every case will be considered on its individual merit,” he said.
To a question, the finance minister said he would not comment on individual cases as there was a legal process in place to find out if accounts were legal or not.
A similar probe was undertaken by investigators into the Panama Papers, he said. While some have illegal accounts, some others have said that they have followed due procedure, he said. Official sources had said yesterday that a multi-agency group (MAG) probing the Panama Papers leak will also look into the ‘Paradise Papers’.
Dubbed as Panama Papers, an investigation of a stockpile of records from Panamanian legal firm Mossack Fonseca by the International Consortium of Investigative Journalist had last year named several world leaders and celebrities who had allegedly stashed away money abroad in offshore companies.
To a question about alleged interference in a probe by Congress chief Sonia Gandhi when the UPA was in power, Jaitley said interference with investigative agencies was a regular feature then and he as the leader of opposition in the Rajya Sabha had written to the then prime minister Manmohan Singh about several cases.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
NIA arrests key accused in 2023 attack on Indian High Commission in London
Indian nationals aboard ‘MSC Aries’ in good health, return delayed due to technicalities: MEA
Husband has no control over wife’s ‘stridhan’: SC
Second phase of LS polls: Polling on Friday for 88 seats in 13 states
Ex-IAS Officer Anil Tuteja accused of masterminding Chhattisgarh liquor scam: ED
MUST WATCH
Latest Additions
NIA arrests key accused in 2023 attack on Indian High Commission in London
Three persons run over by train in Bengaluru
Indian nationals aboard ‘MSC Aries’ in good health, return delayed due to technicalities: MEA
Husband has no control over wife’s ‘stridhan’: SC
IT sleuths threatening raided leaders to claim money belongs to me, Cong: DK Shivakumar