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Panama papers: Every account to be probed, wont go Pak way, says Jaitley

Unlike Pak where Sharif was first removed and then tried, Jaitley promised step-by-step procedure

Press Trust of India  |  New Delhi 

Arun Jaitley, Jaitley
Representative image of Arun Jaitley (Photo: PTI)

Answering questions over the fate of Panama papers, the on Thursday said every account named in the leak is being probed but made it clear that nobody would be punished here without a proper process, unlike where was removed as Prime Minister.

"Nobody has ever taken more action than this on foreign account details which have come," Minister said in the while replying to a debate on Regulation (Amendment) Bill which was passed by the House later.


Referring to the leak, he said "every account" in it is being investigated.

"We have a rule of We do not have system like the neighbouring country where you remove first and then have a trial," Jaitley said, clearly referring to Sharif who was ousted last month over the leak issue.

Sharif had to resign after the Supreme disqualified him from holding public office and ruled that graft cases be filed against him and his children over the scandal.

In the wake of that development, questions were raised here regarding the status of probe in the same issue.

During the reply, Jaitley said tax authorities are conducting investigations and prosecutions are being launched in cases where documents have been received.

"We first make our own investigations and on each one of those cases, whether it is Liechtenstein cases or HSBC cases or other cases which have come to the notice or the Panama, in each case, we have been touch with the regular authorities of the country where these accounts are," he said.

"Prosecutions are being filed wherever documents are coming. Assessment proceedings are being cleared and there is no prohibition on publishing their names once the prosecutions are filed because they are filed in in open court," the minister said.

Jaitley said names are confidential as long as the matter is under investigation but the confidentiality clause ceases to exist once it reaches

Dubbed as 'Panama Papers', investigations into vast stash of records from Panamanian legal firm Mossack Fonseca by the International Consortium of Investigative Journalist had named several world leaders and celebrities as having money stashed abroad in The leak had surfaced last year.

First Published: Fri, August 11 2017. 02:05 IST
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