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.
The Enforcement Directorate (ED) has taken action based on the Pandora Papers leak by seizing assets worth over ₹36 crore belonging to the son of a Goa miner. Here are the actions taken:
  • 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.
The ED's actions demonstrate their commitment to cracking down on illicit financial activities and holding individuals accountable for any wrongdoing uncovered as a result of the Pandora Papers leak.
Answered a year ago
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