With 2017 coming to a close, the Enforcement Directorate (ED) is supposed to wrap up investigations and start issuing show cause notices (SCNs) to more than 46 entities named in the Panama Papers list.
But the bigger question is – where is the investigation heading and how many entities will really get this notice?
Bollywood actors who are involved are yet to be summoned and questioned by the investigative agency. “These film personalities would be questioned next year i.e. in January 2018,” a source said.
Since February 2017, the ED has been investigating the top 46 “actionable” cases out of 424 names for possible violations under the Foreign Exchange Management Act (FEMA), 1999.
Till now, only two entities have been prosecuted by the agency in Panama Papers.
Few days back, the first action was taken against businessman and former IPL Chairman Chirayu Amin by attaching his mutual