Here's All We Know About Indian Celebrities in Pandora Papers So Far

Here's All We Know About Indian Celebrities in Pandora Papers So Far - Sakshi Post

The 'Pandora Papers' leak shows possible tax fraud by 380 wealthy and well-known Indians.

The Pandora Papers, a leak including offshore deals routed via tax havens all over the world, were disclosed by the International Consortium of Investigative Journalists (ICIJ).

Hundreds of Indians are on the list, including many who are well-known and are already being investigated by Indian authorities.

Here's all we know about the ‘Pandora papers' Indians so far.

'Pandora Papers' Leak: On Sunday, the 1.2 billion leaked papers known as the "Pandora Papers" were released, revealing hidden riches, tax evasion, and probable money laundering by international elites, including Indians. At least 380 Indian nationals are named in the Pandora Papers. 

Cricket icon Sachin Tendulkar and Anil Ambani, the beleaguered brother of India's richest person, are among the notable Indian names. They indicate that Anil Ambani owns 18 offshore businesses and that Nirav Modi's sister set up a trust a month before he fled India. 

Anil Ambani

The miserable brother of India's richest man has been named in the press, accused of setting up 18 offshore companies that borrowed and invested $1.3 billion, one of which controls Reliance Capital, a publicly-traded company in India.

Sachin Tendulkar

Former cricketer Sachin Tendulkar, his wife Anjali, and his father-in-law have been listed as Beneficial Owners and Directors of an offshore corporation in the British Virgin Islands in the 'Pandora Papers.' Three months after the 'Panama Papers' release in 2016, the company Saas International Limited was dissolved. Tendulkar's lawyer stated that Tendulkar's investment is "legitimate" and that it has been "declared to tax authorities"

Sachin Tendulkar, the cricketing legend, is said to have started a company in 2007 that was liquidated in 2016 for $8.6 million. These investments, according to the CEO and Director of the Sachin Tendulkar Foundation, are legal and have been disclosed in Tendulkar's tax reports.

Nirav Modi

Purvi Modi, his sister, established a trust in the British Virgin Islands a month before he departed the country in January 2018. In a $2 billion money-laundering lawsuit brought against Nirav Modi and Mehul Choksi, she has been listed as a suspect.

Nira Radia

Nira Radia, a corporate lobbyist, is said to have established a dozen companies and conducts her offshore business through Sanjay Newatia, a former Credit Suisse banker. According to a report, her name is linked to a dozen offshore companies, which Radia denies, claiming that "accurate disclosures have been made to all relevant authorities."

Gandhi Family Friend, Satish Sharma

Satish Sharma, a Gandhi family acquaintance and senior Congress official, established a trust in 1995 while serving as the Minister of Petroleum and Natural Gas. When he was a Rajyasabha member in 2015, he also established another trust. Sharma's wife was a beneficiary of both the Jan Zegers and JZ II trusts, and he was their guardian. Sharma's wife, Sterre Sharma, responded to the claims by saying that the trusts were set up to "manage his assets and pass on his inheritance" to the named beneficiaries.

Cox and Kings’ Ajit Kerkar

Ajit Kerkar, who is currently incarcerated, established two trusts in the British Virgin Islands in 2010 and has ties to at least a half-dozen offshore companies established between 2010 and 2016. Kerkar and Shyam Maheshwari, a partner in Ares SSG Group, are said to have found the majority of these companies. Kerkar's trusts serve as guarantors for loans totalling $79 million.

Kiran Mazumdar Shaw

Her spouse, a British citizen, is said to have established a company that owns 19.76 per cent of Biocon and has over $85 million in cash and real estate. In response to media inquiries, Shaw allegedly stated that Glentec is registered with the RBI and SEBI.

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