<p>The Supreme Court on Monday gave four more weeks to the Union government and the RBI to respond to a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.<br /><br /></p>.<p>A bench comprising Justices Dipak Misra and U U Lalit asked the Centre, the RBI and the CBI to file their reply to the petition filed by advocate M L Sharma. The court had on May 9 issued notice to the various agencies on the PIL.<br /><br />It was informed by the Centre that a Multi Agency Group of various investigative agencies has been formed by the government to go into the disclosures made in the list which includes about 500 Indian entities.<br /><br />The plea referred to some prominent people like actors — Amitabh Bachchan and Aishwarya Rai Bachchan, corporates including liquor baron Vijay Mallya, DLF owner K P Singh and nine members of his family, and the promoters of Apollo Tyres and Indiabulls in the list of 500 Indians named in Panama papers.<br /><br />The Panama Papers contained an unprecedented amount of information, <br />including more than 11 million documents covering 2,10,000 companies in 21 offshore <br />jurisdictions.<br /><br /> Each transaction spans different jurisdictions and may involve multiple entities and individuals.<br /><br />The petition filed by Sharma sought a CBI probe against about 500 Indian offshore account holders and stock market regulators under the supervision of the Supreme Court.<br /><br /> </p>
<p>The Supreme Court on Monday gave four more weeks to the Union government and the RBI to respond to a plea seeking CBI inquiry against Indian offshore bank account holders named in the Panama papers.<br /><br /></p>.<p>A bench comprising Justices Dipak Misra and U U Lalit asked the Centre, the RBI and the CBI to file their reply to the petition filed by advocate M L Sharma. The court had on May 9 issued notice to the various agencies on the PIL.<br /><br />It was informed by the Centre that a Multi Agency Group of various investigative agencies has been formed by the government to go into the disclosures made in the list which includes about 500 Indian entities.<br /><br />The plea referred to some prominent people like actors — Amitabh Bachchan and Aishwarya Rai Bachchan, corporates including liquor baron Vijay Mallya, DLF owner K P Singh and nine members of his family, and the promoters of Apollo Tyres and Indiabulls in the list of 500 Indians named in Panama papers.<br /><br />The Panama Papers contained an unprecedented amount of information, <br />including more than 11 million documents covering 2,10,000 companies in 21 offshore <br />jurisdictions.<br /><br /> Each transaction spans different jurisdictions and may involve multiple entities and individuals.<br /><br />The petition filed by Sharma sought a CBI probe against about 500 Indian offshore account holders and stock market regulators under the supervision of the Supreme Court.<br /><br /> </p>
