What action has been taken by the Enforcement Directorate (ED) based on the Pandora Papers leak
The Enforcement Directorate (ED) has seized assets worth over ₹36 crore belonging to the son of a Goa miner, following the Pandora Papers leak.
- As a result of the Pandora Papers leak, the ED conducted an investigation into the financial affairs of the individual.
- During their investigation, the ED found undisclosed assets held by the son of the Goa miner.
- The seized assets include bank accounts, immovable properties, and investments worth ₹36 crore.
- The ED has initiated a probe under the Prevention of Money Laundering Act (PMLA) to further investigate the source and nature of these assets.
- The ED will be examining whether any illegal activities have taken place in acquiring and managing these assets.
- Further legal action will be taken based on the findings of the investigation.
Answered
a year ago