Panama Papers: SC notice to Centre, RBI & CBI on plea on Participatory-notes


panama papers, panama papers leak, panama gate, rbi, reserve bank of india, rbi panama papers, cbi, panama papers cbi, sebi, sebi panama papers, Indian offshore bank accounts, offshore bank account, india news A bench of Justices issued the notice on the interim application, which was filed by advocate M L Sharma in his pending PIL seeking CBI probe against Indian offshore bank account holders named in the Panama papers. (Source: File)

Supreme Court on Friday sought responses from the Centre, RBI, market regulator SEBI and CBI on a plea seeking a direction that the offshore portfolio investors, who invest in the Indian stock market through participatory-notes, should not be allowed to withdraw the money till further orders.

A bench of Justices Dipak Misra and C Nagappan issued the notice on the interim application, which was filed by advocate M L Sharma in his pending PIL seeking CBI

... read more at: http://indianexpress.com/article/india/india-news-india/sc-notice-to-centre-rbi-cbi-on-plea-on-participatory-notes-2888075/