The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards.
"In Panama Paper leak case, Madhya Pradesh chief minister has no role," Gandhi told a select group of journalists when asked about his comments during a rally in Jhabua district of poll-bound Madhya Pradesh on Monday.
Chief Justice Nisar made the remarks during the hearing of a suo moto case regarding Rs 35 billion worth shady transactions from and to the account of Zardari Group, a business owned by the former president and Pakistan Peoples Party co-chairman Asif Ali Zardari and his sister Faryal Talpur.
Panama Papers: This is evident from Panamanian law firm Mossack Fonseca’s response to authorities in the BVI and the Bahamas who sought information on client companies soon after the Panama Papers revelations in April 2016.
Panama Papers: CBDT Chief Sushil Chandra said, “We have taken invasive action in 62 cases connected to Panama Papers and have found that large deposits had been made in foreign bank accounts which had not been declared in tax returns or surrendered during the amnesty scheme."
Thousands of Mossack Fonseca (MF) documents reviewed by The Indian Express and subsequent enquiries reveal that the Sharif family mortgaged four of these properties to the Deutsche Bank (Suisse) SA for a loan of GBP 7 million and the Bank of Scotland part financed the purchase of two other apartments.