Paradise Papers cases to be considered on individual merit: FM

Paradise Papers cases to be considered on individual merit: FM

New Delhi, PTI: Finance Minister Arun Jaitley on Tuesday said the government will consider each case brought out by 'Paradise Papers' on its "individual merit".

He told reporters that the government probe into the leaked documents from a Bermuda-based global offshore law firm, detailing financial holdings abroad of over 714 Indian entities and individuals, will follow the process similar to the one undertaken in 'Panama Papers' investigation

"It will be found out who are those people with totally illegal accounts and who have a plausible defence.... Every case will be considered on its individual merit," he said.

To a question, the finance minister said he would not comment on individual cases as there was a legal process in place to find out if accounts were legal or not.

A similar probe was undertaken by investigators into the Panama Papers, he said.

While some have illegal accounts, some others have said that they have followed due procedure, Jaitley added.

Official sources had said on Monday that a multi-agency group (MAG) probing the Panama Papers leak will also look into the 'Paradise Papers'.

To a question about the alleged interference in a probe by Congress chief Sonia Gandhi when the UPA was in power, Jaitley said interference with investigative agencies was a regular feature then and he as the leader of the Opposition in the Rajya Sabha had written to the then prime minister Manmohan Singh about several cases.