The finance ministry sprang into action after getting the list. A team was hurriedly formed, and a high-level person of a level of advisor was given the responsibility to handle the entire operation. On the basis of the list, the team raided several people all over India. Most such raids took place in Gujarat and Mumbai. Several diamond merchants of Gujarat were raided too. It’s Delhi next. The people caught have been told to either file revised returns at the rate of 35 per cent, or be ready to be booked under FEMA, Prevention of Money Laundering Act as well as Income Tax Act. But it’s not enough to file revised returns alone – several officials may also have to be bribed. But some lawyers have not started to say that there is no need to file revised returns, since what is the proof that the list is authentic? But the government is in no mood to relent and is working on taking strict action against such people.