Home / Politics / SEBI investigating paradise papers leak

SEBI investigating paradise papers leak

The Paradise Papers, a cache of 13.4 million documents obtained by German newspaper Süddeutsche Zeitung and investigated by the International Consortium of Investigative Journalists (ICIJ) in partnership with The Indian Express, reveals how two firms Bermuda’s Appleby and Singapore’s Asiaciti Trust help the global rich and powerful move their money abroad.

Among the 180 countries represented in the data, India ranks 19th in terms of the number of names. In all, there are 714 Indians in the tally.
While some entities linked to Mallya are already being probed by Sebi and other agencies, any fresh disclosure in the leaked documents made public by ICIJ (International Consortium of Investigative Journalists) would be thoroughly looked into, senior officials said.
Officials maintained that mere presence of any Indian entity in an offshore tax-friendly jurisdiction may not amount to violation of laws, but non-disclosure about such entities and routing of funds to them could be ascertained only after a thorough investigation.

About himalayauk

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

jammu-and-kashmir

Art 370 a commitment to people of JK, should be honoured: Mufti

Jammu and Kashmir Chief Minister Mehbooba Mufti has said that Article 370 ...