IT IS NOT LONELY IN PARADISE

PARADISE PAPERS

reveal links of political leaders and super rich in offshore companies operating out of tax havens

ALL SUCH

offshore firms are not illegal, but some are fake entities engaged in tax evasion, manipulation of the market, money laundering, round tripping, parking black money, etc.

SOME OF

the Indian firms named are already under CBI & ED lens – in the Sun-TV-Aircel-Maxis case, Essar-Loop 2G case, SNC-Lavalin Kerala hydroelectric scandal and the Rajasthan ambulance scam.

THE LEAKED

data says Amitabh Bachchan acquired stakes in a Bermuda-based company before the 2004 Liberalised Remittance Scheme came into force.

LOBBYIST NIIRA RADIA,

Sanjay Dutt’s wife Manyata are also mentioned.

MINISTER OF

State for Civil Aviation Jayant Sinha’s name figures because of his association with a particular company years ago. BJP leader and Rajya Sabha MP RK Sinha, who is also founder of Security and Intelligence Services, figures in the list.

AMONG INDIAN

corporates, those mentioned are Jindal Steel, Apollo Tyres, Havells, Hindujas, Emaar MGF, Videocon, the Hiranandani Group and DS Construction

INVESTIGATIONS IN

Panama Papers resulted in I-T Department detecting undisclosed wealth of Rs 792 crore so far, says the CBDT