Panama Paper leaks: Fresh revelations being looked into by MAG, says FinMin

The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.

The government started its investigations into the fresh Panama Paper leaks, even as those named denied any wrongdoing. The finance ministry on Thursday said the fresh revelations are being looked into by the Multi Agency Group (MAG), headed by the Central Board of Direct Taxes chairman as its convener and comprising representatives of the income-tax (I-T) department, Enforcement Directorate, Financial Intelligence Unit, and the Reserve Bank of India.
 
“The fresh release... under the Panama Paper leaks is being promptly looked into by the law enforcement agencies under the aegis of the MAG already constituted for facilitating coordinated and speedy