These are the key aspects of the Enforcement Directorate's ongoing action in the Pandora Papers investigation that shows probes have been "initiated" for almost all Indian owners of offshore firms named in the 2021 investigation by The Indian Express.
They include Anil Ambani to Sachin Tendulkar, Niira Radia to Gautam Singhania, according to the current status of the probes, The Indian Express has learnt. The Pandora Papers refers to a trove of 11.9 million secret documents from 14 offshore service providers that gave details of ownership of 29,000 offshore entities used by the super-rich to manage their global money flows.
The data was obtained by the International Consortium of Investigative Journalists (ICIJ) and shared with 150 media partners - The Indian Express investigated the Indian names.
The Centre announced the setting up of a Multi-Agency Group to spearhead the probe. Subsequently, the I-T department is known to have sent directives to a majority of Indian nationals; the Financial Intelligence Unit (FIU) until 2022, sent requests to foreign jurisdictions for 482 people named in the reports.
In several cases, the ED sent "Egmont requests" - notes to the Egmont Group, the umbrella organisation of financial intelligence units of 167 jurisdictions, to glean more information about the offshore entities.An investigation reveals the following updates: On the probe against some of the key names in the Pandora Papers.
Anil Ambani
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