PANAMA PAPERS NEWS

Panama Papers details led to I-T crackdown on Bharat Hotels Group February 22, 2020 7:24 am CBDT said “undisclosed foreign assets” of over Rs 1,000 crore had been detected during the searches. But officials said the amount would be several times that figure, and that the Bharat Hotels case was likely to become one of the biggest detection of the Panama Papers cases in India.

A large section of media appears reticent to ask questions: Pranab Mukherjee November 27, 2019 3:50 am Being the fourth pillar of democracy, the media is “bestowed with extreme power, since it has the power to hold the other three pillars — the executive, legislature and the judiciary — accountable”, Mukherjee said.

New offshore records reveal several Indian firms tapped Mauritius route to save on taxes September 13, 2020 9:55 am The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India.

Switzerland set to transfer details of Indian account holders in HSBC February 05, 2019 1:30 pm The Indian Express has learnt that around six weeks ago, individual Indian account holders received communications from the FTA that the Indian request for banking details meets the requirements specified in the DTA (double taxation agreement) signed by the two countries as well as of the 2012 Federal Act on International Administrative Assistance.

US: Four men charged in Panama Papers investigation December 05, 2018 10:02 am Federal prosecutors say the law firm Mossack Fonseca conspired to circumvent US laws to maintain the wealth of its clients and conceal tax dollars owed to the IRS.

Frankfurt prosecutor says Deutsche Bank raid continues for second day November 30, 2018 6:24 pm The large volume of material being examined meant the search was still going on, prosecutors said, adding that offices of board members were included in the search without giving further details.

Deutsche Bank offices raided in money laundering probe November 29, 2018 8:16 pm The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards.

Rahul Gandhi says linked MP CM's son to Panama Papers out of 'confusion' October 30, 2018 4:55 pm "In Panama Paper leak case, Madhya Pradesh chief minister has no role," Gandhi told a select group of journalists when asked about his comments during a rally in Jhabua district of poll-bound Madhya Pradesh on Monday.

ISI officer included in Panama case JIT against Sharif to 'spice it up', says Pak chief justice August 13, 2018 9:33 pm Chief Justice Nisar made the remarks during the hearing of a suo moto case regarding Rs 35 billion worth shady transactions from and to the account of Zardari Group, a business owned by the former president and Pakistan Peoples Party co-chairman Asif Ali Zardari and his sister Faryal Talpur.