From Amitabh Bachchan to Vijay Mallya: 714 Indians named in Paradise Papers
India ranks 19th out of
the 180 countries covered under the leaked data in terms of the number of names
involved
LATEST
NEWS : A fresh, vast leak of financial records,
dubbed the Paradise
Papers, has shined the light on how global corporate giants and hedge
funds allegedly skirted taxes and the apparently hidden wealth of prominent
Indians. This cache of 13.4 million documents follows over a year after the
release of the Panama papers and includes names of Indians such as Amitabh
Bachchan, MoS Civil Aviation Jayant Sinha, and Vijay Mallya, among others,
reported Indian Express. The paper has not suggested any illegality associated
with the leaked names.
India ranks 19th out of the 180 countries covered under the
leaked data in terms of the number of names involved, reported the Indian
Express on Monday. Further, according to the report, 714 Indians find mention
in the papers.
The leaked data, obtained by German newspaper Süddeutsche
Zeitung, as was the case with the Panama Papers, and investigated by the
International Consortium of Investigative Journalists (ICIJ), originates from
two firms – Bermuda's Appleby and Singapore's Asiaciti – as well as from 19 tax
havens across the world.
In fact, the national daily highlights that an Indian
company, the Nand Lal Khemka-founded Sun Group, was found to be Appleby’s
second-largest client internationally with 118 separate offshore entities.
Comments
Post a Comment