PM Modi Wants the First Report of Panama Papers Leak in 15 Days

Modi does not want the Panama leak case to be handled by black money SIT fearing delay in execution: Govt official

Published
World
2 min read
Prime Minister Narendra Modi. (Photo: Reuters)

As Prime Minister Modi returned from his three-nation official visit, he has asked for the first report on the Panama Papers leak in 15 days. In India, the leaked documents were first published by The Indian Express on 4 April 2016.

Three specific observations were made by the PM when he called in a top official into his office on the morning of 4 April, said a senior government functionary.

The Prime Minister had returned 1.30 am early morning on 4 April. He called the official around 7-7.30 am to express his concerns about the report and was quite clear in his mind that the issue should be probed quickly. He was certain that the matter should not be referred to the Special Investigation Team (SIT) on black money. Instead, it should be looked at by a small group of domain experts. Last, he wanted to be briefed about the issue at the earliest.
Senior Government Functionary

PM Modi believes the SIT will take its own time to study the leak and then arrive at conclusions. He is also of the view that the SIT may not have the expertise to deal with the deadline set by the PM.

The government official said the first two directions from Modi have already been acted upon.

He wanted to understand the whole issue better. Hence he sought an interim report within 15 days of setting up the multi-disciplinary committee. 
Senior Government Functionary

Over eleven million documents have been leaked from a Panamanian law firm which reveals offshore financial dealings of some of the biggest names from all over the world. The leak surfaced on Sunday and reveals over 500 Indians in its list.

The list includes film stars Amitabh Bachchan and Aishwarya Rai Bachchan, DLF Chief KP Singh, and Gautam Adani’s elder brother Vinod Adani, among others.

Also Read:
Jaitley Assures Strict Action Against Those Named in Panama Papers
Panama Leaks: Aishwarya Denies, KP Singh Says “It’s Permissible”
Mossack Fonseca Denies Business With “Most” Names in Panama Leaks
The What’s What and Who’s Who of the Panama Papers Leak

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