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Panama Papers Probe In India Gathers Pace As ED Issues Advisories To 137 Indians

The Panama Papers probe in India has gathered pace with the Enforcement Directorate (ED) dispatching what is being described as “advisories” to over 100 people named in the global media investigation. Officials in ED told The Indian Express that over the past two months, they have sent 137 “advisories” under Section 37 of the Foreign Exchange Management Act (FEMA) to Indians named in the Panama Papers.
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