The_Showstopper
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‘Pak disqualified PM, Why no inquiry on Indians named in Panama papers?’ citizens express their exasperation on social media
After Pakistan Prime Minister Nawaz Sharif was disqualified by Supreme Court, questions are being raised from many quarters on what steps Indian government has taken to unearth the alleged illegal assets of Indian politicians and celebrities stashed abroad.
Film stars Amitabh Bachchan and Aishwarya Rai Bachchan,DLF owner K P Singh and nine members of his family are the prominent figures featured in the Panama Papers.
Politicians Shishir Bajoria from West Bengal and Anurag Kejriwal from New Delhi, Gautam Adani’s elder brother Vinod Adani, promoters of Apollo Tyres and Indiabulls and several other millionaires had also been featured in the list.
The Pakistan Supreme Court removed Sharif from his post on Friday after an investigative panel alleged that his family’s wealth was far above their earnings in a scathing corruption report.
The apex court has ordered NAB to complete investigation in Panamagate case within six weeks.
According to reports, those named in the list from India will not be prosecuted as the secret list of the Panama-based law firm Mossack Fonseca were reportedly handed over to the Indian Income Tax (IT) department by foreign government authorities under the Double Taxation Avoidance Agreement (DTAA) framework 'meant exclusively for taxation purposes and not prosecution'.
Reports said defaulters, under the Prevention of Money Laundering Act (PMLA) law or forex violations under Foreign Exchange Management Act (FEMA), will get immunity from being prosecuted.
Enforcement Directorate sources told Hindustan Times that information and records shared with the IT Department by foreign countries within the DTAA framework is only for taxation and bars their sharing with any agency.
“So, the IT department cannot share documents with ED in the Panama Papers case or else the country supplying the information will raise objections”, ED sources said.
So far, several activists and journalists have raised the issue on social media. Independent journalist Rana Ayyub posted a picture of Prime Minister Narendra Modi along with Nawaz Sharif with this caption: “His friend from Pakistan has been disqualified as PM in #PanamaVerdict but he will ensure no harm to Indians named in Panama. What a man”.
Senior lawyer Prashant Bhushan wrote on twitter: “Kudos to Pak SC for disqualifying Sharif&forcing him to step down.Our SC refused even inquiry of Birla/Sahara”.
According to data verified and published by The Indian Express, a number of businessmen from India, especially from Panchkula, Dehradun, Vadodara and Mandsaur were featured in the Panama Papers.
“Not just individuals, a close scrutiny of The Panama Papers by The Indian Express also reveals details of hitherto unknown deals, in some cases involving the government, too”, the IE report says.
Last April, after the Panama Papers surfaced, the Supreme Court had asked the government whether a Special Investigation Team (SIT) should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks.
A bench, headed by Justice Dipak Misra, asked Additional Solicitor General (ASG) P S Narasimha to seek instruction on whether a separate SIT can be tasked to probe the Panama Papers leak, besides Multi-Agency Group (MAG) set up by the government to probe into the black money cases.
At the outset, the ASG said that investigation into the names leaked by a website was not simple and multiple agencies were probing and trying to ascertain the details.
"The investigations into such names is still going on and all cases will be thoroughly investigated," he said, adding that the MAG's report had a complete chapter on the Panama paper leaks.
Narasimha, while opposing a separate investigation, said the probe into these cases were not like normal crime incidents as it involved various aspects, like treaties with foreign countries, agreement for disclosures etc.
He said each of the transactions spanned different jurisdictions and may involve multiple entities and individuals for which the probe by MAG was needed.
‘Pak disqualified PM, Why no inquiry on Indians named in Panama papers?’ citizens express their exasperation on social media
After Pakistan Prime Minister Nawaz Sharif was disqualified by Supreme Court, questions are being raised from many quarters on what steps Indian government has taken to unearth the alleged illegal assets of Indian politicians and celebrities stashed abroad.
Film stars Amitabh Bachchan and Aishwarya Rai Bachchan,DLF owner K P Singh and nine members of his family are the prominent figures featured in the Panama Papers.
Politicians Shishir Bajoria from West Bengal and Anurag Kejriwal from New Delhi, Gautam Adani’s elder brother Vinod Adani, promoters of Apollo Tyres and Indiabulls and several other millionaires had also been featured in the list.
The Pakistan Supreme Court removed Sharif from his post on Friday after an investigative panel alleged that his family’s wealth was far above their earnings in a scathing corruption report.
The apex court has ordered NAB to complete investigation in Panamagate case within six weeks.
According to reports, those named in the list from India will not be prosecuted as the secret list of the Panama-based law firm Mossack Fonseca were reportedly handed over to the Indian Income Tax (IT) department by foreign government authorities under the Double Taxation Avoidance Agreement (DTAA) framework 'meant exclusively for taxation purposes and not prosecution'.
Reports said defaulters, under the Prevention of Money Laundering Act (PMLA) law or forex violations under Foreign Exchange Management Act (FEMA), will get immunity from being prosecuted.
Enforcement Directorate sources told Hindustan Times that information and records shared with the IT Department by foreign countries within the DTAA framework is only for taxation and bars their sharing with any agency.
“So, the IT department cannot share documents with ED in the Panama Papers case or else the country supplying the information will raise objections”, ED sources said.
So far, several activists and journalists have raised the issue on social media. Independent journalist Rana Ayyub posted a picture of Prime Minister Narendra Modi along with Nawaz Sharif with this caption: “His friend from Pakistan has been disqualified as PM in #PanamaVerdict but he will ensure no harm to Indians named in Panama. What a man”.
Senior lawyer Prashant Bhushan wrote on twitter: “Kudos to Pak SC for disqualifying Sharif&forcing him to step down.Our SC refused even inquiry of Birla/Sahara”.
According to data verified and published by The Indian Express, a number of businessmen from India, especially from Panchkula, Dehradun, Vadodara and Mandsaur were featured in the Panama Papers.
“Not just individuals, a close scrutiny of The Panama Papers by The Indian Express also reveals details of hitherto unknown deals, in some cases involving the government, too”, the IE report says.
Last April, after the Panama Papers surfaced, the Supreme Court had asked the government whether a Special Investigation Team (SIT) should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks.
A bench, headed by Justice Dipak Misra, asked Additional Solicitor General (ASG) P S Narasimha to seek instruction on whether a separate SIT can be tasked to probe the Panama Papers leak, besides Multi-Agency Group (MAG) set up by the government to probe into the black money cases.
At the outset, the ASG said that investigation into the names leaked by a website was not simple and multiple agencies were probing and trying to ascertain the details.
"The investigations into such names is still going on and all cases will be thoroughly investigated," he said, adding that the MAG's report had a complete chapter on the Panama paper leaks.
Narasimha, while opposing a separate investigation, said the probe into these cases were not like normal crime incidents as it involved various aspects, like treaties with foreign countries, agreement for disclosures etc.
He said each of the transactions spanned different jurisdictions and may involve multiple entities and individuals for which the probe by MAG was needed.
http://en.southlive.in/india/2017/0...en-express-their-exasperation-on-social-media
After Pakistan Prime Minister Nawaz Sharif was disqualified by Supreme Court, questions are being raised from many quarters on what steps Indian government has taken to unearth the alleged illegal assets of Indian politicians and celebrities stashed abroad.
Film stars Amitabh Bachchan and Aishwarya Rai Bachchan,DLF owner K P Singh and nine members of his family are the prominent figures featured in the Panama Papers.
Politicians Shishir Bajoria from West Bengal and Anurag Kejriwal from New Delhi, Gautam Adani’s elder brother Vinod Adani, promoters of Apollo Tyres and Indiabulls and several other millionaires had also been featured in the list.
The Pakistan Supreme Court removed Sharif from his post on Friday after an investigative panel alleged that his family’s wealth was far above their earnings in a scathing corruption report.
The apex court has ordered NAB to complete investigation in Panamagate case within six weeks.
According to reports, those named in the list from India will not be prosecuted as the secret list of the Panama-based law firm Mossack Fonseca were reportedly handed over to the Indian Income Tax (IT) department by foreign government authorities under the Double Taxation Avoidance Agreement (DTAA) framework 'meant exclusively for taxation purposes and not prosecution'.
Reports said defaulters, under the Prevention of Money Laundering Act (PMLA) law or forex violations under Foreign Exchange Management Act (FEMA), will get immunity from being prosecuted.
Enforcement Directorate sources told Hindustan Times that information and records shared with the IT Department by foreign countries within the DTAA framework is only for taxation and bars their sharing with any agency.
“So, the IT department cannot share documents with ED in the Panama Papers case or else the country supplying the information will raise objections”, ED sources said.
So far, several activists and journalists have raised the issue on social media. Independent journalist Rana Ayyub posted a picture of Prime Minister Narendra Modi along with Nawaz Sharif with this caption: “His friend from Pakistan has been disqualified as PM in #PanamaVerdict but he will ensure no harm to Indians named in Panama. What a man”.
Senior lawyer Prashant Bhushan wrote on twitter: “Kudos to Pak SC for disqualifying Sharif&forcing him to step down.Our SC refused even inquiry of Birla/Sahara”.
According to data verified and published by The Indian Express, a number of businessmen from India, especially from Panchkula, Dehradun, Vadodara and Mandsaur were featured in the Panama Papers.
“Not just individuals, a close scrutiny of The Panama Papers by The Indian Express also reveals details of hitherto unknown deals, in some cases involving the government, too”, the IE report says.
Last April, after the Panama Papers surfaced, the Supreme Court had asked the government whether a Special Investigation Team (SIT) should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks.
A bench, headed by Justice Dipak Misra, asked Additional Solicitor General (ASG) P S Narasimha to seek instruction on whether a separate SIT can be tasked to probe the Panama Papers leak, besides Multi-Agency Group (MAG) set up by the government to probe into the black money cases.
At the outset, the ASG said that investigation into the names leaked by a website was not simple and multiple agencies were probing and trying to ascertain the details.
"The investigations into such names is still going on and all cases will be thoroughly investigated," he said, adding that the MAG's report had a complete chapter on the Panama paper leaks.
Narasimha, while opposing a separate investigation, said the probe into these cases were not like normal crime incidents as it involved various aspects, like treaties with foreign countries, agreement for disclosures etc.
He said each of the transactions spanned different jurisdictions and may involve multiple entities and individuals for which the probe by MAG was needed.
‘Pak disqualified PM, Why no inquiry on Indians named in Panama papers?’ citizens express their exasperation on social media
After Pakistan Prime Minister Nawaz Sharif was disqualified by Supreme Court, questions are being raised from many quarters on what steps Indian government has taken to unearth the alleged illegal assets of Indian politicians and celebrities stashed abroad.
Film stars Amitabh Bachchan and Aishwarya Rai Bachchan,DLF owner K P Singh and nine members of his family are the prominent figures featured in the Panama Papers.
Politicians Shishir Bajoria from West Bengal and Anurag Kejriwal from New Delhi, Gautam Adani’s elder brother Vinod Adani, promoters of Apollo Tyres and Indiabulls and several other millionaires had also been featured in the list.
The Pakistan Supreme Court removed Sharif from his post on Friday after an investigative panel alleged that his family’s wealth was far above their earnings in a scathing corruption report.
The apex court has ordered NAB to complete investigation in Panamagate case within six weeks.
According to reports, those named in the list from India will not be prosecuted as the secret list of the Panama-based law firm Mossack Fonseca were reportedly handed over to the Indian Income Tax (IT) department by foreign government authorities under the Double Taxation Avoidance Agreement (DTAA) framework 'meant exclusively for taxation purposes and not prosecution'.
Reports said defaulters, under the Prevention of Money Laundering Act (PMLA) law or forex violations under Foreign Exchange Management Act (FEMA), will get immunity from being prosecuted.
Enforcement Directorate sources told Hindustan Times that information and records shared with the IT Department by foreign countries within the DTAA framework is only for taxation and bars their sharing with any agency.
“So, the IT department cannot share documents with ED in the Panama Papers case or else the country supplying the information will raise objections”, ED sources said.
So far, several activists and journalists have raised the issue on social media. Independent journalist Rana Ayyub posted a picture of Prime Minister Narendra Modi along with Nawaz Sharif with this caption: “His friend from Pakistan has been disqualified as PM in #PanamaVerdict but he will ensure no harm to Indians named in Panama. What a man”.
Senior lawyer Prashant Bhushan wrote on twitter: “Kudos to Pak SC for disqualifying Sharif&forcing him to step down.Our SC refused even inquiry of Birla/Sahara”.
According to data verified and published by The Indian Express, a number of businessmen from India, especially from Panchkula, Dehradun, Vadodara and Mandsaur were featured in the Panama Papers.
“Not just individuals, a close scrutiny of The Panama Papers by The Indian Express also reveals details of hitherto unknown deals, in some cases involving the government, too”, the IE report says.
Last April, after the Panama Papers surfaced, the Supreme Court had asked the government whether a Special Investigation Team (SIT) should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks.
A bench, headed by Justice Dipak Misra, asked Additional Solicitor General (ASG) P S Narasimha to seek instruction on whether a separate SIT can be tasked to probe the Panama Papers leak, besides Multi-Agency Group (MAG) set up by the government to probe into the black money cases.
At the outset, the ASG said that investigation into the names leaked by a website was not simple and multiple agencies were probing and trying to ascertain the details.
"The investigations into such names is still going on and all cases will be thoroughly investigated," he said, adding that the MAG's report had a complete chapter on the Panama paper leaks.
Narasimha, while opposing a separate investigation, said the probe into these cases were not like normal crime incidents as it involved various aspects, like treaties with foreign countries, agreement for disclosures etc.
He said each of the transactions spanned different jurisdictions and may involve multiple entities and individuals for which the probe by MAG was needed.
http://en.southlive.in/india/2017/0...en-express-their-exasperation-on-social-media
