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Panama Papers Find 500 Indian Names In Illegal Businesses


This is the biggest leak in world with over 11 million documents of a Panama law firm named Mossack Fonesca (also referred as Panama Papers) were leaked by a German media firm. Shockingly, the list featured over 500 Indians linked to several offshore firms.

These celebs included many from film, politics, business and several fields. This showed the corrupt and questionable business practices adopted by many of the top people in world.

Mossack Fonseca is alleged to have helped its clients in money laundering, dodging sanctions thus escaping from tax payments. Big Indian names in the list include Amitabh Bachchan, Aishwaray Rai Bachchan, Sameer Gehlaut and KP Singh.

Aishwarya Rai - Aishwarya Rai, her parents and brother Aditya Rai registered with Amic Partners Ltd as Director was later changed as stakeholder and the company was closed in less than three years time in 2008.

Amitabh Bachchan - He is shown as director for at least four offshore shipping companies in 1993 in Bahamas. With a capital of $5000 to 50,000; their business transactions are worth more than millions dollars.

Apparently, Aishwarya Rai Bachchan's spokesperson issued a press statement calling for her innocence. However, Government of India has appointed a multi agency team to probe on Indian names in Panama Leaks list. A special investigation team (SIT) on black money will also join the action to take action on all those Indian names holding unlawful accounts in abroad.

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