India to serve notice on those named in Panama Papers

NEW DELHI: The Indian Government is taking action against those whose names appeared in Panama Papers, Indian media reported.

“The government is taking all necessary steps on the issue of tax evasion and notice is being served on those whose names figure in the Panama Papers leaks”, Indian Finance Minister Arun Jaitley said in the Lok Sabha on Friday.

The minister’s statement came during question hour when members, including Nana Patole and Kirit Somiaya and B. Mahtab asked supplementary on the tax evasion issue.

Mr. Jaitley, however, told the members that any individual case could not be discussed in the house.

He assured the house  that the government is taking action and has already served notice on some named in the Panama Papers leaks on tax evasion and of stashing money overseas.