Indian government announces probe into Pandora Papers
The Indian government has announced an investigation into the Pandora Papers.
The Indian government has ordered a probe into various agencies, which will be headed by the Central Board of Direct Taxes.
According to the Indian Ministry of Finance, the investigation into the Pandora Papers case will involve the Enforcement Directorate, the Reserve Bank of India and the Finance Intelligence Unit.
The statement said the government had taken note of the Pandora Papers revelations and would take necessary action in accordance with the law.
According to Indian media, the Pandora Papers include the names of former head of the military agency Lieutenant General (retd) Rakesh Kumar Lomba and his son.
The owners of Indian Premier League teams Rajasthan Royals and Kings XI Punjab have also turned out to be owners of offshore companies.
The Pandora Papers also mentions Indian businessman Pramod Mittal, as well as an offshore company worth کروڑ 35 million and assets worth millions of dollars from a family running a New Delhi hospital.
It is believed that the Pandora Papers include the names of 300 Indians whose offshore companies and other assets have come to light.