Panama Papers: 415 Indians under scanner as probe widens

  |   India News

Seven months after The Indian Express published the Panama Papers, the probe into alleged tax violations by Indians named in the global expose has become the largest offshore inquiry initiated in the country.

The Special Taskforce, constituted by the government immediately after publication of the Panama Papers in April, is learnt to have informed the Special Investigation Team (SIT) on black money that the FTTR references sent to the BVI for details of offshore entities of Indians set up by Panamanian law firm Mossack Fonseca is the highest by any country - almost half the 210,000 offshore entities listed in the Panama Papers data were incorporated in the BVI.

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