India ranks 19 in number of names out of a total of 180 countries represented in the Paradise Papers’ data.
International Consortium of the Investigative Journalists on Sunday released ‘The Paradise Papers’ which reveal the offshore interests and activities of more than 120 politicians and the world leaders.
The 13.4 million leaked files from the two firms Bermuda’s Appleby and Singapore’s Asiaciti and Company Registries in almost 19 tax havens were obtained by the German newspaper Süddeutsche Zeitung, and probed by ICIJ along with the 96 news agencies across the world.
According to data in Paradise Papers, Queen Elizabeth II’s private estate indirectly invested in a rent-to-own loan company accused of the Predatory tactics.
At least 13 allies, major donors and the Cabinet Members of U.S. President Donald J. Trump appear, including the Commerce Secretary Wilbur Ross’s interests in a shipping company that makes the millions from an energy firm whose owners include Russian President Vladimir Putin’s son-in-law and the sanctioned Russian tycoon.
According to a report by Indian Express, whiIndia ranks 19 in number of names out of the 180 countries represented in Paradise Papers’ data was also one of agencies to probe 13.4 million files.
There are 714 Indians in the list.
Leaked files from Appleby, Offshore Law Firm, also include details of the tax planning by nearly 100 multinational corporations, including The Apple, Nike and Uber.
ICIJ had in 2016 released Panama Papers which was an investigation of 11.5 million files leaked from database of world’s fourth biggest offshore law firm, Mossack Fonseca.
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Source - ptinews.com