There have been whistleblower-led leaks of financial data over the last few years such as Panama Papers. Has ED got any leads from these leaks?
The government has formed a committee headed by the CBDT chairman and comprising other members from ED, RBI, CBEC, FIU and SFIO. The committee has examined various cases and referred them for further investigation to agencies concerned. So far, we have got reports of 46 cases related to Panama Papers and expeditious investigation is being conducted in these cases. We are hopeful of finalising these cases shortly.
What about the recent disclosures of Paradise Papers?
In the Paradise Papers the government has again constituted a multi-agency group to investigate them.