This was the third such exchange between the Swiss body and India under the framework of the global standard on the automatic exchange of information (AEOI).
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The leaked financial data, dubbed the 'Pandora Papers', was published Sunday by the International Consortium of Investigative Journalists and its media partners, including Britain's Guardian newspaper and the BBC.
More than 700 Indian politicians, actors, sports stars and other celebs are linked to such offshore companies or trusts. The Income Tax Department and other probe agencies have announced multiple investigations following...
The sweeping agreement was struck Friday among 136 countries after talks overseen by the Organization for Economic Cooperation and Development.
“The Government has taken note of these developments. The relevant investigative agencies would undertake an investigation in these cases and appropriate action would be taken in such cases as per law,” the Finance...
Earlier in the day, officials had informed Outlook Business that it was already probing some of the names which had featured in the list.
The latest expose under the Pandora list has names of prominent Indians like former cricketer Sachin Tendulkar, chairman and MD of Biocon, Mazumdar Shaw, and industrialist Vinod Adani, others.
An ICIJ analysis of the secret documents identified 956 companies in offshore havens tied to 336 high-level politicians and public officials, including country leaders, cabinet ministers, ambassadors and others.
People linked by the secret documents to offshore assets include Sachin Tendulkar, Shakira, Claudia Schiffer and an Italian mobster known as ‘Lell the Fat...
