Panama papers: Supreme Court says no need for separate Special …

NEW DELHI: The Supreme Court today ruled out setting up of a separate Special Investigation Team (SIT) to probe the alleged revelation of offshore accounts of Indians in Panama papers leak, saying the multi-agency group set up by the government was already looking into the matter.

A bench, comprising Justices A K Goel and U U Lalit, said a multi-agency group (MAG), consisting officers of Central Board of Direct Taxes (CBDT), Reserve Bank of India (RBI), Enforcement Directorate (ED) and Financial Intelligence Unit (FIU), was like an SIT itself.

“This multi agency group is already like an SIT. What is the need to form a separate SIT,” the bench asked.

Additional Solicitor General P S Narasimha, appearing for the Centre, said the issue of probe into the offshore accounts of Indians was “not ordinary” and “very complicated” and the MAG constituted by the government was already looking into it.

He said the MAG was

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