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Wednesday, May 25, 2022

Paradise Papers

This cache of 13.4 million documents tumbled out 18 months after Panama Papers: both sets of data were obtained by German newspaper Süddeutsche Zeitung and were investigated by the International Consortium of Investigative Journalists (ICIJ) working in partnership with 96 news organisations. In India, The Indian Express, just as it did with the Panama Papers, investigated these records for over 10 months to come up with the India list. Here are the stories:


Over Rs 20k crore undisclosed credit for India-linked entities in Panama, Paradise paper leaks: Govt

December 08, 2021 4:03 pm

The government has taken cognisance of some Indian names released in the media which are allegedly linked to the Pandora Papers leak, MoS for Finance Pankaj Chaudhary stated.

Paradise Papers: Cox & Kings used offshore route to cut tax in Germany, UK

September 13, 2020 10:04 am

On June 8, the Enforcement Directorate (ED) searched the office of Cox & Kings, the residences of its promoter Ajay Ajit Peter Kerkar and other senior executives under the Prevention of Money Laundering Act in connection with a Rs 3,642 crore fraud at Yes Bank Ltd.

New offshore records reveal several Indian firms tapped Mauritius route to save on taxes

September 13, 2020 9:55 am

The Double Taxation Avoidance Agreement (DTAA) was signed between India and Mauritius in 1982. Under this, any entity could apply for tax residency and pay zero capital gains tax. This became the principal reason why Mauritius emerged as a top channel for investments being routed into India.

Lucknow, Mumbai and Chennai: First prosecutions filed in Paradise Papers

September 13, 2020 9:55 am

After the release of the Paradise Papers, the Finance Ministry announced that details of offshore holdings of 714 Indians named would be investigated by the Multi Agency Group which was set up after publication of the Panama Papers in April 2016.

Express-OCCRP report: Indians who have ties to tax havens are linked to prime real estate in Dubai

June 14, 2018 6:54 am

According to Indian laws, it is not illegal for Indians to own property in Dubai. As per the Foreign Exchange Management Act of 1999, resident and non-resident Indians are allowed to own immovable properties abroad.

Indians probed by govt agencies are linked to high-end real estate in Dubai

June 14, 2018 5:08 am

Of the 129,000 entries in the Dubai database from 181 countries, those of Indians form a sizeable chunk with 5,800 linked to properties in top sites such as the Palm Jumeirah, The World, Motor City, Emirates Living, Dubai Marina, Burj Dubai, Old Town Island.

Paradise Papers: I-T sleuths raid Jalandhar businessman’s properties

December 29, 2017 1:08 am

The raids, led by additional director of I-T in Ludhiana Ritesh Parmar, began Wednesday night and continued on Thursday. Around 15 teams of income tax department carried out the raids at different places in Jalandhar and Ludhiana.

Paradise Papers: First set of Income Tax summons go out

December 13, 2017 7:17 am

Officials said the first set of summons with specific questions for each were sent in end-November.

Facebook can't regulate self, ensure data privacy: Ex-employee

November 21, 2017 2:46 pm

A former Facebook employee believes that the social media giant should not be asked to regulate its own data privacy, as it would not be able to do so.

Paradise Papers: Kundra family trust silent on source of money invested in India via Bahamas-Mauritius

November 12, 2017 7:04 am

Ripu Sudan Kundra alias Raj Kundra and his parents used a layered offshore trust-company structure to channel EUR 2 million to pick up direct and indirect interests in two companies each in India and UK


Paradise Papers: Here are the Indians on the list

November 09, 2017 4:59 pm

Here are names of prominent Indians that figure in the #ParadisePapers investigation.

Paradise Papers index: Here are all the stories

November 11, 2017 10:29 am

Paradise Papers, a cache of 13.4 million documents investigated by The Indian Express, reveals how two firms Bermuda’s Appleby and Singapore’s Asiaciti Trust helped the global rich and powerful move their money abroad.