NEW DELHI: Finance minister Arun Jaitley said on Tuesday that the government will consider each case brought out by 'Paradise Papers' on its individual merit just like investigation being done in the 'Panama Papers' case.
"Agencies will follow the process similar to the one undertaken in 'Panama Papers' investigation. It will be found out who are those people with totally illegal accounts and who have plausible defence... Every case will be considered on its individual merit," he said.
Jaitley's remarks came a day after leaked documents from a Bermuda-based global offshore law firm mentioned financial holdings abroad of over 714 Indian entities and individuals. The FM said he would not comment on individual cases as there was a legal process in place to find out if accounts were legal. "While some have illegal accounts, some others have said that they have followed due procedure. Agencies will look into the merits individually," he said.
"Agencies will follow the process similar to the one undertaken in 'Panama Papers' investigation. It will be found out who are those people with totally illegal accounts and who have plausible defence... Every case will be considered on its individual merit," he said.
Jaitley's remarks came a day after leaked documents from a Bermuda-based global offshore law firm mentioned financial holdings abroad of over 714 Indian entities and individuals. The FM said he would not comment on individual cases as there was a legal process in place to find out if accounts were legal. "While some have illegal accounts, some others have said that they have followed due procedure. Agencies will look into the merits individually," he said.
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