Multi-Agency Group investigation on Pandora Papers begins, holds first meeting

The Multi-Agency Group (MAG) on Pandora Papers has begun its preliminary investigation of entities and persons named in Pandora Papers and held its first meeting last week.

The meeting of MAG was chaired by the Central Board of Direct Taxes Chairman JB Mohapatra. Officials of Enforcement Director (ED), Reserve Bank of India (RBI) and Financial Intelligence Unit (FIU) attended the meeting.

Sources told ANI that MAG, in its meeting, discussed the information reported by the International Consortium of International Journalists (ICIJ) on October 3, 2021, where it was claimed to be a 2.94 terabyte (TB) data trove that exposes the offshore secrets of wealthy elites from more than 200 countries and territories.

According to the source present in the meeting, MAG discussed the leak of Pandora Papers reported by ICIJ. "Only a few of the 380 Indian names and entities have appeared in the media so far. MAG will fast track its investigation once the rest of the names of Indian entities are released by ICIJ," said sources.

Read more: https://www.caribbeannews.net/news/271523545/multi-agency-group-investigation-on-pandora-papers-begins-holds-first-meeting