On Friday, Finance Minister Arun Jaitley👤 said in the Lok Sabha that the govt has issued notices📄 to all the people involved in the Panama Papers Leak. However, the minister said that the proceedings can not be made public according to Section 138 of the Income Tax Act till a case is filed in the court⚖. There are about 500 Indians 😳named in the leak which has more than 11 million documents covering 2,10,000😱 companies in 21 offshore administrations. The Income tax dept🏛 has already sent a questionnaire to 50 people. The questionnaire asks📢 about the year of incorporation, their source of income & details of business💸 transactions done. Recently the govt created a Multi-Agency Group👏 to probe on issues relating to black money💰 and offshore assets held in tax havens. The group consists of the Central Board of Direct Taxes, the RBI₹, the Financial Intelligence Unit and the Enforcement Directorate.