'Pandora Papers' leaks on wealth stashed abroad will be investigated: Government

The government on Monday said that the Pandora Papers' leaks on wealth stashed abroad will be investigated.

A multi-agency group headed by the chief of Central Board of Direct Taxes (CBDT), and representatives from the Enforcement Directorate, Reserve Bank of India and the Financial Intelligence Unit will monitor the reports and follow up relevant leads.

The reports included several prominent names including King Abdullah of Jordan, Czech Prime Minister Andrej Babis and associates of Russian President Vladimir Putin and several personalities in India.

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2.94 terabytes of data was released five years after the leak known as the "Panama Papers" exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect.

The International Consortium of Investigative Journalists (ICIJ), a Washington, D.C.-based network of reporters and media organizations, said the files are linked to about 35 current and former national leaders, and more than 330 politicians and public officials in 91 countries and territories