What is Panama Papers? Here is everything you need to know

April 8, 2016
Panama Papers, what is panama papers, indian is panama list
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Last year, it was Swiss Leaks, a global list with over 1,100 Indians with secret bank accounts in HSBC Geneva, which shaped the debate over black money parked overseas.

Now come The Panama Papers.

More than 11 million documents from the secret files of Mossack Fonseca, a law firm headquartered in tax haven Panama, known for its factory-like production of offshore companies for its worldwide clientele of the well-heeled.

These records reveal a list of individuals who have paid the firm — and bought the benefits of the secretive, lax regulatory system in which it operates — to set up offshore entities in tax havens around the world.

And Mossack Fonseca’s eagerness to meet their demands, each one for a fee, that helps mask real ownership but still show compliance.

Video| A Peek Into India Express’ 8 Month Long Investigation

Over 500 Indians figure on the firm’s list of offshore companies, foundations and trusts. There are also 234 Indian passports (handed over by clients as part of the incorporation process), an eight-month-long investigation of over 36,000 files by The Indian Express has revealed.

Of these, The Indian Express has checked the authenticity of over 300 addresses.

© IE Online Media Services Pvt Ltd
  1. M
    mohan
    Apr 9, 2016 at 3:28 am
    Who is the culprit?The Congress,its allies,Dr Man Mohan Singh ,the silent spectator to all those corruption deals ,or Mr Chiddu the smart guy under whose very nose the tax evaders siphoned of the black money to tax heavens .Chiddu poses as one of the most highly competent ,honest anddedicated FM ever born in India.Visalise the scene .The Kotwal closes his eyes .He is totally inactive .Thieves are always on look out for such a scenerio and they do their job of stealing .theftandloot n get away with the booty.If perchance badluck strikes andthey are caught ,they share the booty n get away .This is what has happened during the Congress rule .Why blame the tax evaders?This corruption business has made the entire country characterless n we are ready to sell it even if we donot get a fair price for it .What a misfortune to have fallen to us .We should think about it n mend our ways for the safety ,securityn prosperity of the country .
    Reply
    1. V
      Veera
      Apr 13, 2016 at 9:12 am
      what about sachin?????????????????????
      Reply
      1. V
        VINOD
        Apr 13, 2016 at 6:31 am
        The true story of the leading 10 enies of India featured in PANAMA PAPERS shall be published for the knowledge of all. The start of the action will reveal many more facts.
        Reply