Panama Papers
Panama Papers News
Switzerland set to transfer details of Indian account holders in HSBC
The Indian Express has learnt that around six weeks ago, individual Indian account holders received communications from the FTA that the Indian request for banking details meets the requirements specified in the DTA (double taxation agreement) signed by the two countries as well as of the 2012 Federal Act on International Administrative Assistance.
US: Four men charged in Panama Papers investigation
Federal prosecutors say the law firm Mossack Fonseca conspired to circumvent US laws to maintain the wealth of its clients and conceal tax dollars owed to the IRS.
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Frankfurt prosecutor says Deutsche Bank raid continues for second day
The large volume of material being examined meant the search was still going on, prosecutors said, adding that offices of board members were included in the search without giving further details.
Deutsche Bank offices raided in money laundering probe
The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards.
Rahul Gandhi says linked MP CM's son to Panama Papers out of 'confusion'
"In Panama Paper leak case, Madhya Pradesh chief minister has no role," Gandhi told a select group of journalists when asked about his comments during a rally in Jhabua district of poll-bound Madhya Pradesh on Monday.
ISI officer included in Panama case JIT against Sharif to 'spice it up', says Pak chief justice
Chief Justice Nisar made the remarks during the hearing of a suo moto case regarding Rs 35 billion worth shady transactions from and to the account of Zardari Group, a business owned by the former president and Pakistan Peoples Party co-chairman Asif Ali Zardari and his sister Faryal Talpur.
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Panama Papers: Politician to chawl resident, first cases sent to court
Panama Papers: At least 16 Indians face prosecution, cases were filed after foreign jurisdiction sent information on holdings, asset.
Pakistan court sentences ousted PM Nawaz Sharif to 10 years imprisonment in corruption case
The court delivered the verdict after postponing it four times in the Avenfield corruption case - pertaining to the ownership of four flats in the posh Avenfield House in London.
'We Resign': That's what Mossack Fonseca told these Indian clients after Panama Papers leak
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
Panama Papers: Firms tied to Indians dominate inquiry lists of British Virgin Islands, Bahamas
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.
Panama Papers Photos
Imran Khan's PTI celebrates ouster of Pakistani Prime Minister Nawaz Sharif
The Pakistan Supreme Court disqualified Prime Minister Nawaz Sharif from holding public office in its verdict on the Panama Papers scandal.
Panama Papers: The big names that found a place in the list
Panama Papers: More than 11 million documents from the secret files of Mossack Fonseca, a law firm headquartered in tax haven Panama, were accessed by Munich-based newspaper Suddeutsche Zeitung which collaborated with ICIJ and over 100 media organisations, including The Indian Express, to investigate its contents
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Panama Papers Videos
How Did The Indian Express Investigate The Paradise Papers?
The Paradise Papers is the fourth collaborative investigation into offshore and banking assets done by The Indian Express with the ICIJ. 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. A trove of 13.4 million corporate records, […]
Pakistan PM Nawaz Sharif Disqualified By Court
Pakistan Prime Minister Nawaz Sharif, who was named in the Panama Papers investigation, has been disqualified from holding public office in a unanimous verdict by the Supreme Court of Pakistan. It has also ordered a case against the prime minister to be referred to the NAB (National Accountability Bureau). Justice Ejaz Afzal Khan said on […]
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Panama Papers Probe In India Gathers Pace As ED Issues Advisories To 137 Indians
The Panama Papers probe in India has gathered pace with the Enforcement Directorate (ED) dispatching what is being described as “advisories” to over 100 people named in the global media investigation. Officials in ED told The Indian Express that over the past two months, they have sent 137 “advisories” under Section 37 of the Foreign […]
Panama Papers: Ajay Devgan Took Over An Offshore Firm, Says Government Knows
Actor-entrepreneur Ajay Devgan, born Vishal Veeru Devgan, bought over the entire shareholding of a British Virgin Islands (BVI) company Marylebone Entertainment Limited in 2013, claiming it was done to acquire and exploit overseas rights of Hindi films. – See more at: https://indianexpress.com/article/india/india-news-india/panama-papers-panama-papers-india-list-ajay-devgan-company-rbi-2783369/#sthash.qwHIOh8K.dpuf
Panama Papers: Who Went Offshore Before RBI Eased Forex Limit?
Indians had discovered the advantages of going offshore — setting up entities in tax havens — long before the government and Reserve Bank of India (RBI) allowed resident individuals to take money out of the country. The Foreign Exchange Regulation Act (FERA), aimed at conserving foreign exchange, did not deter them despite the threat of […]
Panama Papers: How Mossack Fonseca Helped Stash Away Billions Of Dollars
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 […]
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Panama Papers: Big Names In The Indian List
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. An eight-month investigation involving 25 […]
Panama Papers: Big Names In The Global List
The leaked records from MF — which were reviewed by more than 370 journalists of the International Consortium of Investigative Journalists (ICIJ), including from The Indian Express, from 76 countries — show that it is one of the largest factories of offshore entities in the world, with branches in Hong Kong, Miami, Zurich and more […]
Explained: What Do The Panama Papers Reveal
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 […]
Panama Papers: A Peek Into India Express' 8 Month Long Investigation
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.
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