A year after the Swiss Bank Leaks, the list which provided names of the people having secret accounts in HSBC Geneva, another massive leak ...
Amitabh Bachchan, Aishwarya Rai amongst 500 Indians Named in Panama Papers List
A leading daily, after researching for 8 months, has got access to more than 11 million documents from the secret files of the law firm Mossack Fonseca, headquarted in Panama, the tax haven, known for production of off-shore companies.
The list reveals the names of the individuals who have paid the firm and purchased the benefits of secretive, tax regulatory system, to set up offshore entities in tax havens. While Wiki Leaks named around 1,100 Indians, Panama Papers includes 500 Indians in the list including that of Amitabh Bachchan and Aishwarya Rai.
Though Aishwarya Rai, her father Krishna Rai, mother Vrinda Rai and brother Aditya Rai were registered in 2005 as directors of Amic Partners Limited, her status was later changed to share holder before the company was dissolved in 2008. Bollywood megastar Amitabh Bachchan was appointed director in at least four offshore shipping companies - one in the BVI and three in the Bahamas - set up in 1993.
The authorized capital of these companies ranged between $5000-50,000 but they traded in ships worth millions of dollars. Apart from them, DLF owner K P Singh and nine members of his family, Sameer Gehlaut, the promoters of Apollo Tyres and Indiabulls, Gautam Adani’s elder brother Vinod Adani, two politicians - Shishir Bajoria from West Bengal and Anurag Kejriwal, the former chief of the Delhi unit of Loksatta Part are also named in the list.