SEBI, I-T dept to probe Indians named in Paradise Papers
Markets regulator SEBI and Income Tax Department on Monday said they will investigate the Indian firms that were named in Paradise Papers for alleged diversion of funds and lapses. While I-T department will investigate for tax evasion, SEBI will be scrutinising disclosures. Notably, more than 714 Indians, including politicians, industrialists and celebrities, figure in the documents leaked.