June 23, 2018 12:18 pm
One month after the Panama Papers revelations, Mardi Gras Holdings was placed on a list of 69 entities — mostly set up by Indian clients — that was sent on May 3, 2016, by BVI’s Financial Investigation Agency (FIA) to Mossack Fonseca for detailed information.
June 23, 2018 2:21 am
When contacted by The Indian Express, Piramal said she had declared her ownership of Notarial to regulatory and tax authorities in India and the UK. “My father, a UK citizen, incorporated the company for a residential flat which I inherited after his death,” she said.
June 23, 2018 12:08 am
Email exchanges reveal that Mossack Fonseca did not have several crucial documents needed to complete due diligence requirements to set up offshore firms for these clients
June 22, 2018 9:25 am
Panama Papers: This is evident from Panamanian law firm Mossack Fonseca’s response to authorities in the BVI and the Bahamas who sought information on client companies soon after the Panama Papers revelations in April 2016.
June 22, 2018 9:21 am
Panama Papers: CBDT Chief Sushil Chandra said, “We have taken invasive action in 62 cases connected to Panama Papers and have found that large deposits had been made in foreign bank accounts which had not been declared in tax returns or surrendered during the amnesty scheme."
June 22, 2018 1:56 am
Panama Papers: On January 9, this year, the Swiss Federal Tax Authority issued a gazette notification asking Kejriwal for a disclosure on the Swiss bank accounts he may have opened – and giving him 10 days to appoint a representative.
June 22, 2018 1:42 am
Panama Papers: On December 1, 2016, six months after the Panama Papers leak, Moonglow was sent a notice by Mossack Fonseca, asking for details of property holdings and bank accounts. On February 2, 2017, the law firm sent its “notice to resign.”
June 22, 2018 1:26 am
Panama Papers: In an email to Mossack Fonseca (Bahamas), new records show, Madhok wrote: “...attached are letters of resignation as directors of J&W Inc. of Mr P R S Oberoi and myself. Please arrange for this to be processed as soon as possible.”
June 22, 2018 12:57 am
Panama Papers: In an internal communication, the compliance officer linked the The Indian Express report to two of these entities set up in 2002 in the British Virgin Islands (BVI) — Anterna Ltd and Belinea Services Ltd — of which Bhanu was a director. Belinea was initially called Noversa Ltd.
June 22, 2018 8:10 am
Panama Papers: In February 2017, Mossack Fonseca confirmed K P Singh, son Rajiv Singh, daughter Pia Singh and their immediate family as beneficial owners of the three companies, and also conveyed its intent to resign as their registered agent for not fulfilling BVI laws and due diligence requirements.