Enforcement board Director Sanjay Kumar Mishra told a parliamentary committee here on Thursday that sure bottlenecks still existed for sharing data among government departments withal the changes created within the bar of cash washing Act (PMLA) and agreements signed with varied countries for checking concealing.
Mishra, who was deposing before the Parliamentary commission on Finance, reportedly maintained that the agreements signed with several countries didn't truly facilitate a sharing of knowledge.
He cited the instance of Singapore and same that if the tax Department had some data from the Singapore Government, it couldn't pass it on to the ED or the other organisation of the govt of India for action as a result of the agreement didn't allow this.
The committee is headed by former Union minister and senior Congress leader Veerappa Moily. Those gift at Thursday’s meeting enclosed former prime minister Manmohan Singh, Biju Janata dal MP Bhartruhari Mahtab, Saugata Roy and Dinesh Trivedi of Trinamool Congress, Nishikant Dubey and Rajiv Pratap Rudy of BJP, Anil Desai of shiv Sena and A Navaneethakrishnan of AIADMK.
Responding to queries from members concerning Nirav Modi and Vijay Mallya, Mishra same many steps together with seizure of properties had been taken against them. once members sought-after data concerning those that had defaulted on the reimbursement of loans amounting to Rs one hundred crore and on top of, Mishra same he would provide his reply in writing.
One member found out that names of 381 individuals had patterned within the Panama papers. Of them, action had been initiated against forty individuals. Why no action had been taken against the remainder, he asked, adding that even once some action had been taken, progress was terribly slow.
The government had circulated reports from completely different think-tanks – marked “secret” and “confidential” – among the members last evening. Earlier, the central government had attracted plenty of flak for sharing these reports solely with Moily.
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