Paradise Papers: Names out in open; other Indians in the list

A bunch of documents in the Bahamas registry show that Nasjay Company Limited was set up in the Bahamas, and Dilnashin Sanjay Dutt was appointed its Director, Managing Director, President and Treasurer in April 2010.

New Delhi | Updated: November 6, 2017 2:12 pm
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Several Indians have been listed in the Paradise Papers registries. A list of Indian company owners whose identities have been confirmed and addresses verified:

DILNASHIN SANJAY DUTT
Mumbai

Overseas jurisdiction
Bahamas

Dilnashin Sanjay Dutt is the wife of filmstar Sanjay Dutt. She is popularly known as Manyata. Before marrying Dutt, Manyata appeared in an item song in Prakash Jha’s 2003 film Gangaajal.

She is on the board of Sanjay Dutt Productions Pvt Limited. Apart from this, she is on the board of several companies including Diqssh Energy Pvt Ltd, Sparkmatics Energy Private Limited, Diqssh Realty Private Limited, Brick By Brick Realtors Private Limited, Duto Commodities Private Limited, Diqssh International Private Limited, Seventy MM Movies Private Limited and Transparency Entertainment Private Limited.

A bunch of documents in the Bahamas registry show that Nasjay Company Limited was set up in the Bahamas, and Dilnashin Sanjay Dutt was appointed its Director, Managing Director, President and Treasurer in April 2010. She appended her signature to the agreements, and her address appears as Bandra West, Mumbai. The 2010 capital of the company is shown as $ 5,000.

RESPONSE: A spokesperson for Manyata Dutt said: “As per the requirements of provisions of Income-tax Act, 1961, all the properties, company or body corporate or shares in any company are declared in the balance sheet.”

Also Read | Paradise Papers: Biggest data leak reveals trails of Indian corporates in global secret tax havens

PAVITAR SINGH UPPAL
Jalandhar

Offshore jurisdiction
Dominica

Pavitar Singh Uppal, described in the documents as a “real estate developer” residing in Jalandhar, registered an offshore entity in August 2016. The company, Silverline Estate Limited, was incorporated in the Commonwealth of Dominica. The incorporation documents show the company was registered on August 8, 2016 as a “profit” company, with only Uppal as Director.

RESPONSE: Speaking over phone, Uppal said the company belongs to his brother-in-law who lives in Dominica, but declined to give his name. “He is a well known person in Dominica and has been appointed as a high-ranking diplomat,” Uppal said. Asked why he had allowed his name and address to be used, Uppal said he would respond later, but did not. His house in Jalandhar’s Urban Estate, Phase 2, was locked. — ANJU AGNIHOTRI CHABA, Jalandhar

SEE PHOTOS | Paradise Papers: Here are all the Indians on the list

RAVISH BHADANA, Kota
NEHA SHARMA and MONA KALWANI, Ghaziabad

Overseas jurisdiction
Malta

The parents of Ravish Bhadana live on the first floor of the family’s home in Kota. There are tenants on the ground floor. Ravish Bhadana’s whereabouts are not known.

In September 2011, Bhadana was named by the Delhi Police as the kingpin of one of the modules of a fake pilot licensing scam. The Delhi Police Crime Branch claimed to have unearthed at least four modules, and arrested over a dozen pilots, besides officials posted with the Directorate General of Civil Aviation (DGCA), and middlemen. Bhadana remained absconding.

The Malta registry records show him as Director/shareholder/judicial representative and legal representative of two firms, with separate registration numbers. In both firms, the same positions are also held by two Ghaziabad residents, Neha Sharma and Mona Kalwani. The shareholder of one of the companies incorporated by these two individuals is another Malta company named Mondo Tessile Holding Limited.

Bhadana, Sharma and Kalwani are Directors in DICI Exports, as per RoC documents registered at a Ghaziabad address. When The Indian Express visited that address, the owner of the house, Ajit Kumar Singh, said that the two women had been his tenants, and had moved out three years ago.

RESPONSE: Bhadana’s mother said that her son earlier lived in Jaipur and now lives in Delhi, but she does not have his phone number. “I talk to him whenever he comes. It has been a long time since he came here, he comes home every 4-6 months,” she said. She could not provide his address. She said that Bhadana did, indeed, pursue a course to train as a pilot, but did not work as one. Bhadana’s elder brother, Naveen Bhadana, a doctor in Bhilwara, said over the phone, “I haven’t spoken to him in a long time. If I speak to him, I will share your number.”

The Indian Express visited the listed addresses for Neha Sharma and Mona Kalwani in Ghaziabad, and was informed by neighbours that they had moved out several years ago.
— HAMZA KHAN, Kota and
SHYAMLAL YADAV, Ghaziabad

VENKATA NARASA REDDY ATTUNURI and PARTHA SARADHI REDDY BANDI
Hyderabad

Offshore jurisdiction
Malta

Attunuri and Bandi are Directors at Hetero Drugs Limited, Hyderabad, which was incorporated on April 6, 1993. Its authorised share capital is Rs 10,00,00,000, and its paid-up capital is Rs 3,45,00,000. It is involved in the manufacture of pharmaceuticals and other chemical products. The company’s Annual General Meeting (AGM) was last held on September 29, 2016, and as per Ministry of Corporate Affairs records, its balance sheet was last filed on March 31, 2016.

The Malta registry data show that Attunuri and Bandi are directors of Hetero Malta Limited. They are also listed as the legal and judicial representatives of the company.

RESPONSE: “The offshore accounts were opened by Hetero Malta, a purely marketing company on behalf of Hetero Drugs. I am a Director in the company so my name appears. I do not know for what purpose it was set up. As far as I know, it is still active. The company has declared it in all its financial declarations. As far as I know, the company has taken all the required authorisations from various departments for opening the account,” Venkata Narasa Reddy Attunuri said.

Partha Saradhi Reddy Bandi said: “I am not aware of any offshore accounts in my name. If the company has opened any, it will declare if it feels the need. I am not in a position to say anything else.”
— SREENIVAS JANYALA, Hyderabad

ALPANA KUMARI, ANJNA KUMARI, ARCHNA KUMARI
Muzaffarpur, Patna
Offshore jurisdiction
Bermuda

The documents show Holtec International Ltd was incorporated in 2005 and moved for liquidation in 2007. As per the documents, the company is engaged principally in designing, manufacturing and construction of storage systems for spent nuclear fuel.

Three daughters — Alpana Kumari, Anjna Kumari and Archna Kumari — of retired Chief Engineer Mahendra Singh are said to be associated with the company. According to Mahendra Singh, who lives in Patna and spoke on behalf of his daughters, Archna’s husband is a “DIG outside Bihar”, and Alpana and Anjna are schoolteachers in Muzaffarpur. Archna is the chairperson of the Bihar-based DMC Trust, which works for the uplift of poor children. DMC Trust gets “occasional funding” from Holtec International Ltd, Mahendra Singh said. Alpana and Anjna are both members of DMC Trust. Mahendra Singh said Holtec does some work related to nuclear power and is still in existence, but he said his daughters had never visited Bermuda. He wondered how their names could figure in a list of people associated with the company.

RESPONSE: Mahendra Singh said neither he nor his daughters have anything to do with Holtec International Ltd. The company belongs to his nephew, he said. “My nephew K P Singh is a US citizen. He left India in 1968,” he said. Singh said he did not have the phone number or email address of his nephew, with whom he has not spoken for years.

On Archna mentioning her father’s address of Lohianagar, Kankerbagh, Patna, Singh said his daughters use his name only for the purposes of communication. On his daughters’ association with DMC Trust, Singh said: “Being associated with a trust has nothing to do with the company. None of my three daughters have worked for or were associated with Holtec.” Singh said he did not have Archna’s contact details.
— SANTOSH SINGH, Muzaffarpur, Patna

DIPESH RAJENDRA SHAH
Mumbai

Overseas jurisdiction
Malta

The Malta data show that since 2011, Dipesh Rajendra Shah has played all key roles in a company called Vista Investment Holdings Limited. He is the Director, shareholder, judicial representative as well as legal representative. Documents show that in April 2011, he converted the company from a Private Limited Company to a Private Exempt Company. In the same year, he acquired all shares of the company and made it a single member company.

RESPONSE: Shah said, “I had incorporated the company in Malta but it has since been wound up. All my taxes are accounted for.” He did not reply to a detailed questionnaire sent by The Indian Express.
— RASHMI RAJPUT, Mumbai

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  1. R
    Rani
    Nov 9, 2017 at 3:29 pm
    Ritu sareen Before cuting innocent Indian nationals u must get yr facts right. Its not a crime to open a company outside India. nationals who set up companies in their name declare ownership to the Government of India are not criminals. Ratan Tata isn’t a criminal for setting up his company in Britain. What is dodgy is when someone sets up a company hides it behind a number of trust structures. This is not right. Here is link to people in the Paradise Papers scandal s: en.m.wikipedia /wiki/List_of_people_and_companies_named_in_the_Paradise_Papers You named people in your article that are not even listed in the paradise papers have not engaged in any untoward behaviour. We must keep our system clean act responsibly. But yr poor journalism wrongly incriminates those nationals that have conducted business properly. U either have no knowledge or understanding of how international business works or u were paid to print these names.
    (3)(0)
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    1. Sreenivasan Ezhuvappady
      Nov 7, 2017 at 12:38 pm
      "What about the black money ? In India and abroad ? " This question was thrown up in air everywhere in India and the BJP govt. was unable to give a straight answer to public. That's why they thought of a short cut, to conceal the Indian black money and give a false feeling that the government has sincerely worked to recover it. And they worked on it. People was given a feeling that the government was chasing black money, but the black money just slipped through their fingers. What the poor government can do if black money is more clever ? Now we know government had other plans, to sa uard the interests of those who had the black money with them. Confidential windows were opened and through them all those who had black money got it converted. Only poor "have nots" suffered. There was no black money unearthed, no illicit notes recovered, no notes left to come to bank. Still reports come saying old notes are caught in transit. That means some windows are still in open.
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      1. R
        Rani
        Nov 9, 2017 at 4:41 pm
        Ritu sareen Before cuting innocent Indian nationals u must get yr facts right. Its not a crime to open a company outside India. nationals who set up companies in their name declare ownership to the Government of India are not criminals. Ratan Tata isn’t a criminal for setting up his company in Britain. What is dodgy is when someone sets up a company hides it behind a number of trust structures. This is not right. Here is link to people in the Paradise Papers scandal s: en.m.wikipedia /wiki/List_of_people_and_companies_named_in_the_Paradise_Papers You named people in your article that are not even listed in the paradise papers have not engaged in any untoward behaviour. We must keep our system clean act responsibly. But yr poor journalism wrongly incriminates those nationals that have conducted business properly. U either have no knowledge or understanding of how international business works or u were paid to print these names.
        (0)(0)
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      2. B
        BALU
        Nov 7, 2017 at 12:22 pm
        every one's response is 'fantastic', in india, rich can do anything they wish as this beautiful country is largest democracy in the world and our Law /Cons ution provides lot leniency 2 its citizens, even natural Law !!, therefore, those who r involved directly or indirectly wl definitely come out by 'greasing palms of necessary personnel' and the case wld prolong decades 2gether with no end ...... at last, it wld come with a conclusion as usual - as there's no concrete findings 2 establish its not worthwhile, the case is 'dismissed' for lack of evidence as per investigation and trials carried in these years !! all r acquitted!! Unless v amend our Law strictly like other countries, e.g. Russia/Malayasia/Japan specifically 2 trial such 'scams'/'scandals', this wld keep on going ........... Jai Hind / Vandhe Matharam
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        1. S
          Sandy
          Nov 6, 2017 at 8:05 pm
          Just sit bac n njoy the "maun vrat"
          (0)(0)
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          1. A
            Agastaya
            Nov 6, 2017 at 7:55 pm
            Earlier It was Bahamas paper leak that forced Nawaz Sharief to resign but nothing happened in India.Paradise paper leak will also lead nowhere in India Pakistan maybe where judiciary took an active role.
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