RBI Governor Raghuram Rajan today said the multi-agency probe analyze the legitimacy of such holdings of Indians named in the leaked Panama list
RBI is part of the multi-agency group that will probe the list with 500 Indians including celebrities and industrialists.
RBI Governor Raghuram Rajan
Asserting that could have
genuine reasons to have offshore accounts, RBI Governor Raghuram Rajan today
said the multi-agency probe analyze the legitimacy of such holdings of Indians named
in the leaked Panama list.
The Reserve Bank is part of a
group of several agencies announced by the government yesterday to probe the
list has about 500 Indians, including celebrities and industrialists.
"We are obviously part of
the research team that will look into this matter. It is important to note that
there are legitimate reasons to have accounts outside," he said after
unveiling the first bi-monthly policy for 2016-17.
"The LRS scheme allows you
to take money out. However, to see what is legitimate and what is not
legitimate. That is the research process that will take place," he said.
Under the liberalized remittance
scheme (LRS), all residents, including children, are allowed to freely remit up
to USD 2,50,000 per year for any current account transaction or allowable
capital or a combination of both.
Finance Minister Arun Jaitley
said on Tuesday that Prime Minister Narendra Modi discussed the matter with him
this morning and on his advice group has been established, which includes
officials from CBDT, RBI and FIU
(Financial Intelligence Unit).
The Indian Express published a
report based on leaked documents from a Panama law firm Mossack Fonseca who is
said to have links with more than 500 Indians daily offshore firms. The said
the list includes trusts and foundations and data 234 Indian passport.
Speaking on the subject, H R RBI
deputy governor Khan said there are 2-3 issues related to the topic.
"Under FEMA few things are allowed and some are not. So the investigation reveals
what is legitimate," added Khan.
The Special Investigation Team
(SIT) on black money said yesterday that the issue thoroughly investigate
Documents Panama. "Investigations are being carried out.
We will investigate (the list)
thoroughly, "SIT Chairman Justice (retd) M B Shah had said.
0 comments:
Post a Comment