Panama Papers: Trailing 6 firms, Delhi hit Mossack Fonseca wall
India’s Income Tax department has been pursuing, since 2013, individuals and companies that allegedly sought to evade taxes by parking their cash in tax havens.
MF documents, investigated by The Indian Express, reveal that India sent notices to authorities in tax havens, including in the Bahamas.
Mossack Fonseca (MF), the Panama law firm, isn’t exactly unknown to investigators in New Delhi. India’s Income Tax department has been pursuing, since 2013, individuals and companies that allegedly sought to evade taxes by parking their cash in tax havens.
MF documents, investigated by The Indian Express, reveal that India sent notices to authorities in tax havens, including in the Bahamas, seeking details of beneficial ownership and finances of at least six offshore companies managed by Mossack Fonseca.
P. Vaidyanathan Iyer is The Indian Express’s Managing Editor, and leads the newspaper’s reporting across the country. He writes on India’s political economy, and works closely with reporters exploring investigation in subjects where business and politics intersect.
He was earlier the Resident Editor in Mumbai driving Maharashtra’s political and government coverage. He joined the newspaper in April 2008 as its National Business Editor in Delhi, reporting and leading the economy and policy coverage.
He has won several accolades including the Ramnath Goenka Excellence in Journalism Award twice, the KC Kulish Award of Merit, and the Prem Bhatia Award for Political Reporting and Analysis. A member of the Pulitzer-winning International Consortium of Investigative Journalists (ICIJ), Vaidyanathan worked on several projects investigating offshore tax havens.
He co-authored Panama Papers: The Untold India Story of the Trailblazing Offshore Investigation, published by Penguin.
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