Pandora Papers exposes tax evasion of 300 rich Indians

A joint investigation by journalists from around the world revealed the anonymous wealth of the world's richest people

Names like Sachin Tendulkar, Anil Ambani, Nirav Modi, Kiran Majumdar, Vinod Adani, Jackie Shroff

New Delhi: A joint investigation reporting by international journalists has revealed the tax evasion of big heads around the world. The names of more than 300 Indians have appeared in Pandora Papers. These include Sachin Tendulkar, Anil Ambani, Nirav Modi's sister and Kiran Majumdar's husband.

There has been an explosion of tax evasion from illegal investments in foreign companies by keeping information from India's income tax department secret. The names of about 380 richest Indians in India have been revealed. About 80 of these Indians have been named.

Names like Sachin Tendulkar, his wife Anjali, Anjali's father, Anil Ambani, Nirav Modi's sister, Kiran Majumdar's husband of the show have been shocked. Many of them denied the allegations in an official statement and also claimed that the investment in the property was not illegal.

As the privacy laws are strictly enforced abroad, the information of the trust-company created there remains confidential. Which is used to hide binary income. The names of these people are presented in Pandora Papers along with the evidence. A group of 150 journalists from media houses around the world made the revelation in a joint investigation report. About 380 names of India are open in it.

The Pandora Papers have the names of five Indian politicians, but their names have not yet been clarified. These are names that have been MPs and are already on the radar of the income tax department. So 700 rich people of Pakistan are involved in this scam. Including Imran's ministers. The family names of several ministers are also revealed in it.

According to reports, 1.19 crore secret files have been seized, including the anonymous transactions of the world's top millionaires. The list includes superstar singer Shakira, supermodel Claudia Schiffer, former British Prime Minister Tony Blair, King of Jordan, presidents of Ukraine, Kenya, Ecuador, Prime Minister of the Czech Republic, Russian President Putin's publicity minister, more than 130 billionaires from the US-Russia-Britain.

The team of reporters claims they got the details from 14 companies involved in the shell companies. The reports identified 956 companies involved with 336 of the world's most powerful politicians.

What are Pandora Papers?

These are the 11.9 million leaked files of 14 companies providing global corporate services. These companies have set up 29,000 off-the-shelf companies and private trusts that provide such services in Singapore, New Zealand and the United States, in addition to known tax havens.

The documents show the names of the owners of the cash, shareholding and real estate properties piled up in the private offshore trust. The Pandora Papers have 380 wealthy Indians involved, of which the Indian Express has verified the names of 60 celebrities. The investigation is ongoing.

Which Indian millionaire's name was revealed?

Anil Ambani

Sachin Tendulkar

Anjali (Sachin's wife)

Anand Mehta (Anjali's father)

Nira Radia

Nirav Modi

Purvi Modi (Nirav's sister)

Vinod Adani

Satish Sharma

Iqbal Mirchi and family

Jackie Shroff

John Marshall Shaw

(Kiran Majumdar's husband)

Ajay Ajit Kerkar

Top foreign name

Popstar Shakira

Tony Blair

Abdullah (King of Jordan)

Andrews (PM of the Czech Republic)

Volodymyr Zelensky (President of Ukraine)

Putin's girlfriend as well as his close associate Peter Colbyn

Munis Ilahi (Imran's close leader and Pak Minister)

Uduru Kenya (President of Kenya)