The Union Government has reconstituted Multi-Agency Group (MAG) to probe into cases of Paradise Papers, which is also probing the Panama Papers leak. The reconstituted MAG headed by the Sushil Chandra, the Chairman of Central Board of Direct Taxes (CBDT), will have representatives from ED, RBI and Financial Intelligence Unit. The Paradise Papers revealed that India ranks 19 out of the 180 countries represented in the data of offshore entities. In all, 714 Indian entities and individuals figure in the list. The Paradise Papers include nearly 7 million loan agreements, financial statements, emails, trust deeds and other paperwork over nearly 50 years from inside Appleby, a prestigious offshore law firm with offices in Bermuda and other places. Indians who figure in Paradise Papers include Bollywood star Amitabh Bachchan, defaulter businessman Vijay Mallya, corporate lobbyist Niira Radia, film star Sanjay Dutt’s wife Manyata, Union minister Jayant Sinha and Rajya Sabha MP R K Sinha.