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Cases pertaining to Pandora Papers to be investigated On 3rd October, 2021, the International Consortium of International Journalists (ICIJ) has come out with what is claimed to be a 2.94 terabyte data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and terr
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FAQ :
The Pandora Papers are a 2.94 terabyte data trove exposing the offshore secrets of wealthy elites from over 200 countries, based on a leak of confidential records from 14 offshore service providers.
The government has taken note of the leak and relevant investigative agencies will undertake investigations. Appropriate action will be taken as per law, and the government will proactively engage with foreign jurisdictions for information.
Investigations into cases appearing in the media under the name 'PANDORA PAPERS' will be monitored through a Multi-Agency Group, headed by the Chairman of the CBDT, with representatives from CBDT, ED, RBI, and FIU.
Yes, following previous leaks like HSBC, Panama Papers, and Paradise Papers, the government enacted the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
Investigations carried out in the Panama and Paradise Papers have detected approximately Rs. 20,352 crore in undisclosed credits as of 15.09.2021.
The ICIJ website suggests that information will be released in phases, and structured data connected to the Pandora Papers investigation will be released on its Offshore Leaks Database in the coming days.
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