Panama papers: SC to hear plea seeking CBI monitored investigation
The Supreme Court (SC) on Monday will hear the plea seeking a CBI investigation into the Panama papers leak, in which many Indian industrialists and celebrities were named.
The petition was filed by Supreme Court advocate Manohar Lal Sharma seeking an apex court-monitored probe against the Indian offshore account holders and stock market regulators.A bench led by Justice Dipak Misra was asked to direct the CBI to lodge FIRs and conduct probe into the alleged offences under the Prevention of Corruption Act and Prevention of Money Laundering Act.
The International Consortium of Investigative Journalists (ICIJ), a non-profit organisation based in Washington, obtained a cache of 11.5 million records detailing the offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars.
It was reported that many Indian industrialists and celebrities, including actors Amitabh Bachchan and Aishwarya Rai, DLF owner K P Singh and Vinod Adani (Gautam Adani’s elder brother), have been named in the documents.
The case is currently being monitored by a multi-probed agency headed by the Central Board of Direct Taxes (CBDT) chairman Atulesh Jindal and attended by officials from the investigative unit of the CBDT and its Foreign Tax and Tax Research division, the Financial Intelligence Unit (FIU) and the Reserve Bank of India (RBI).