Govt sets up multi-agency probe team on money stashed abroad
Source: PTI With 500 Indians being named in leaked 'Panama Papers' for alleged offshore holdings, the government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad. Indian Finance Minister Arun Jaitley told reporters that Prime Minister Narendra Modi discussed the issue with him this morning and on his advice the group has been set up comprising agencies like CBDT, RBI and FIU (Financial Intelligence Unit). The Special Investigation Team (SIT) on black money also said it will investigate thoroughly the reported secret list exposed by the International Consortium of Investigative Journalists (ICIJ). "The multi-agency group will comprise various government agencies -- the CBDT, FIU, FT&TR (Foreign Tax and Tax Research) ...
