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Panama Papers : 500 Indian Personalities Names Hid their Money in Tax Havens

Here comes a big big news…

Panama Papers are trending worldwide…

Approx. 11.5 million tax documents have leaked the secret dealing of advisors to World’s Leaders and celebrities and the list also contains 500 Indians’ names. The world famous leaders like Russian President Vladimir Putin, Lionel messi and other names are leaked in tax leaks.

The head of a Panama-based law firm, Mossack Fonseca said his firm has fallen victim to “an international campaign against privacy”. An investigation into the documents by more than 100 media groups, described as one of the largest such probes in history, revealed the hidden offshore dealings in the assets of around 140 political figures. The vast stash of records was obtained from an anonymous source by German daily Sueddeutsche Zeitung and shared with media worldwide by the International Consortium of Investigative Journalists (ICIJ).

Lionel Messi
Lionel Messi

The documents, from around 214,000 offshore entities covering almost 40 years.

There are more than 500 Indian Celebrities in the list of Panama Papers including film stars Amitabh Bachchan and Aishwarya Rai Bachchan to corporate celebs like DLF owner K P Singh and nine members of his family, and the promoters of Apollo Tyres and Indiabulls to Gautam Adani’s elder brother Vinod Adani. Two politicians who figure on the list are Shishir Bajoria from West Bengal and Anurag Kejriwal, the former chief of the Delhi unit of Loksatta Party.

Mumbai gang lord the late Iqbal Mirchi, the list includes scores of businessmen with addresses in nondescript neighborhoods in Panchkula, Dehradun, Vadodara and Mandsaur. The Panama Papers come at a time when the Special Investigating Team (SIT) on black money headed by former Supreme Court Judge M B Shah is finalising its new action-taken report.

Aishwarya in Banarasi Silk Saree

Worldwide, 12 leaders are listed in the list including the prime ministers of Iceland and Pakistan, the president of Ukraine and the king of Saudi Arabia, as well as sporting and movie stars including Jackie Chan. They claim Chinese President Xi Jinping and his family have links to offshore accounts.

While Messi and his father apparently own a shell company not discovered in a Spanish investigation into the football star’s tax affairs. Panama’s government said it had “zero tolerance” for any shady deals, and vowed to “vigorously cooperate” with any legal investigations.

Iceland’s Prime Minister Sigmundur David Gunnlaugsson is expected to face a no-confidence vote this week over allegations he used a secret offshore firm called Wintris Inc. to hide millions of dollars in the British Virgin Islands.

The leaked documents were reviewed by a team of more than 370 reporters from over 70 countries, according to the ICIJ. The original source of the leaked documents is not confirmed.

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