November 7, 2017 11:03 AM

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Panama leak: Around Rs. 792 crore of undisclosed credits etected

In the Panama Papers leak, around Rs. 792 crore of undisclosed credits have been detected while criminal prosecution complaints have been filed in five cases. <br/><br/>The Multi-Agency Group, set up by the government in April last year to probe the leak, has submitted seven reports so far and investigation is in full swing. <br/><br/>The Panama Papers contained brief particulars of about 426 Indians or persons of Indian origin. <br/><br/>In a statement, the CBDT said, the Income Tax Department conducted enquiries in all cases and outcome so far indicates, 147 actionable cases and 279 non-actionable cases. <br/><br/>It said, searches have been conducted in 35 cases and surveys in 11 cases while in other cases, the persons have been confronted with the evidence during enquiries. In seven cases, notices have been issued.

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