The Supreme Court today 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) PS 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.

The court asked Narasimha to file the seventh report of MAG within three days and took on record six reports filed in sealed cover with regard to the investigation in the black money cases.

The bench, which also comprised Justices AM Khanwilkar and Justice MM Shantanagoudar, asked the ASG to inform about the decision and posted the matter for hearing in July.

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 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.

The bench, told advocate ML Sharma, who has sought independent probe into the Indian offshore account holders named in Panama paper leaks, “they (multi-agencies) are investigating into the matter and we will see in due course what is the outcome of their investigation”.