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Saturday, May 28, 2022

Panama Papers India


Panama govt, MEA to hold talks on pact to swap tax information

May 17, 2016 12:55 am

She said Panama was open to consider as many treaties as possible with other countries to facilitate exchange of information.

I-T briefs its Panama team: Avoid vague questions, be more direct

May 17, 2016 12:47 am

Over 500 Indians figure on the firm’s list of offshore companies, foundations and trusts.

Mystery BVI firm under scan for Aircel Maxis and Panama probe

May 16, 2016 8:48 am

Probing the Aircel Maxis case, the Enforcement Directorate (ED) sent a Letter Rogatory to Singapore this March for details on Advantage Strategic Consulting Singapore Pvt Ltd, a subsidiary of Advantage (India).

Panama Papers: SC agrees to examine plea for CBI investigation

May 10, 2016 5:20 am

SC on Monday agreed to hear plea seeking probe against names mentioned in Panama papers; issues a notice to CBI.

HSBC India CEO shows up in two Panama entities

May 09, 2016 6:04 am

Shares in both these entities were transferred to Milne on December 4, 2014.

Panama Papers India Part 8: ‘I don’t know what you are talking about’

May 06, 2016 7:23 am

What those on Mossack Fonseca records have to say: Some denied links, a few claimed authorities were informed, others said offshore entities inactive.

#PanamaPapersIndia Part 7: Offshore links; CEO, astrologer, retired auditor

May 05, 2016 1:00 am

Panama Papers is an eight-month investigation by The Indian Express, in collaboration with the International Consortium of Investigative Journalists (ICIJ).

Bengaluru to Bhavnagar: Many moved offshore before RBI relaxed forex limits

July 21, 2016 5:57 pm

Offshore account holders claimed NRI status, bought entities from Mossack Fonseca for a few dollars.

#PanamaPapersIndia Part 6: Metal scrap dealer to NRIs in USA and Dubai

May 04, 2016 2:33 pm

Among those who got Panama law firm Mossack Fonseca to open offshore companies before RBI introduced the Liberalised Remittance Scheme.

Panama Papers: After I-T queries, ED asks for details of firms linked to Mossack Fonseca

April 19, 2016 12:15 pm

ED sources said action would be taken against illegal offshore entities under various sections of the Foreign Exchange Management Act (FEMA).


Panama Papers: A Peek Into India Express' 8 Month Long Investigation

April 04, 2016 10:15 am

Thousands of Mossack Fonseca (MF) documents reviewed by The Indian Express and subsequent enquiries reveal that the Sharif family mortgaged four of these properties to the Deutsche Bank (Suisse) SA for a loan of GBP 7 million and the Bank of Scotland part financed the purchase of two other apartments.

Panama Papers: Karnal to London via Bahamas, The Route Indiabulls Promoter Took

April 04, 2016 10:07 am

Indiabulls, one of the country’s largest realty groups controlled by Sameer Gehlaut, brother Nagendra and father Balwan Singh, made headlines in June 2014 when it acquired a 87444-sq ft property for GBP 155 million at Hanover Square in London. Before Indiabulls Real Estate Ltd entered the UK market, Sameer Gehlaut acquired at least three top London properties through family entities in Karnal, Delhi, Bahamas, Jersey and UK. Currently being developed as residential and hotel projects, these properties are owned by SG Family Trust, set up in October 2012 for the benefit of the family.

Explained: What Do The Panama Papers Reveal

April 04, 2016 10:00 am

Individuals who have set up offshore entities through the Panama law firm. Some of the Indians floated offshore entities at a time when laws did not allow them to do so; some have taken a technically convenient view that companies acquired is not the same as companies incorporated; some have bunched their annual quota of remittances to subscribe to shares in an offshore entity acquired at an earlier date. Still, some others have received income earned abroad and deposited it in the entity to avoid tax. Some have opened a bank account to keep payoffs in government contracts, or held “proceeds of crime” or property bought with money made illegally in Trusts/ Foundations