Government has already constituted a multi-agency group including representatives of CBDT, Financial Intelligence Unit, and RBI to scrutinise the 'Panama Papers' which name 500 Indians including celebrities and industrialists who allegedly stashed money in offshore entities in Panama, considered to be a tax haven.
"Whether you take the 'Panama Papers' or the HSBC list or whatever other information we get. For all this information, we are first looking at whether it is legal activity or illegal activity, Minister of State for Finance Jayant Sinha said here.
"...strict action is being taken and strict investigation is going on. Nobody can escape," he added.

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