Panama papers case: SC asks Centre to file six reports of MAG
Team Udayavani, Mar 7, 2017, 2:31 PM IST
New Delhi: The Supreme Court today asked the Centre to place before it in a sealed cover all the six reports of the Multi-Agency Group (MAG) constituted by the government to probe the Panama papers case.
The direction came after the Centre told the bench headed by Justice Dipak Misra that the Multi-Agency Group has completed the sixth report of its ongoing investigation and the government is prepared to place all reports before the court.
“We direct the Union of India to file all six reports in a sealed cover within four weeks,” the bench also comprising Justices A M Khanwilkar and Justice M M Shantanagoudar said.
The Centre had constituted a multi agency group consisting of officers of the Central Board of Direct Taxes(CBDT), Reserve Bank of India (RBI), Enforcement Directorate and Financial Intelligence Unit to investigate the Panama case.
Solicitor General (SG) Ranjit Kumar, appearing for the Centre, told the court that the bench should first go through reports of the MAG and thereafter decide whether it could be shared with the petitioner or not.
The submission by the SG came after petitioner advocate M L Sharma said the report should also be given to him so that he can argue the matter further.
At the outset, Sharma argued that the government agencies were not investigating this case properly and they have concealed material facts from the apex court.
To this, the bench said, “How can you say that they are not doing it (probe)? They have said they are investigating the matter and when a stand is taken by respondents (Centre, RBI and others) that they are investigating, how can we say anything at this stage?”
The apex court had on November 24 last year sought a response from the petitioner on the plea of market regulator SEBI that it has been dragged as a party in a PIL seeking a court-monitored CBI probe against Indians whose names have figured in the Panama papers for allegedly holding bank accounts in foreign countries.
The Centre had sought dismissal of the PIL, saying MAG has already been set up to ensure “speedy and coordinated” probe against Indians whose names have figured in the Panama papers.
Five reports have already been submitted by MAG to the apex court-appointed Special Investigation Team on black money which is led by Justice (retd) M B Shah, and in a sealed cover to a Supreme Court bench hearing the black money case.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
After Yogi’s ‘batenge, katenge’ slogan, PM pitches for unity with ‘Ek hai, toh safe hai’ message
Bank fraud: ED seizes jewellery, cash worth over Rs 1 cr in raids against Bhopal-based company, directors
No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud
CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too
MUST WATCH
Latest Additions
BCCI vs PCB spar on CT venue as Naqvi denies receiving any official note from Indian board
Use Carnatic music to promote Kannada language: Nirmala Sitharaman
Udupi: Car collides with bike; Rider injured
UP women’s body proposes men shouldn’t tailor women’s clothes or cut their hair
NSE, BSE to be closed on Nov 20 for Maharashtra assembly polls
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.