Income Tax Department sends notices to Indians named in Panama Papers Friday April 29,2016

The Finance Minister, Arun Jaitley, on Friday April 29,2016 said that the income-tax department has sent notices to all those Indians named in the Panama Papers' expose, which has already set off a global furore. 

At least 500 Indians are reportedly said to have held offshore accounts in tax havens, leaked documents of financial records this month, dubbed 'Panama Papers', showed. 

"Every Indian whose name has appeared in the Panama Papers expose... the income-tax department has sent notices and currently investigating the matter," Jaitley told the Lok Sabha in reply to a question on tax evasion.