37,000 India files in new Panama papers released
8 years, 10 months ago

37,000 India files in new Panama papers released

The Hindu  

The International Consortium of Investigative Journalists late on Monday released 2.6 terabyte of >Panama papers data on over 11.5 million financial and legal records, including about 37,000 files related to India. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information.” Personal details not given However, the data only gives the name of the individual, the local registered address, the off-shore entities either incorporated or of which they are a part of along with the country. The data released by ICIJ pertains to trusts and other legal entities set up over a period of 40 years, involving about 3.2 lakh companies in 21 jurisdictions.

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History of this topic

Pandora Papers: ICIJ spills the beans on dirtiest financial secrets of the rich and famous
3 years, 5 months ago

Pandora Papers: ICIJ spills the beans on dirtiest financial secrets of the rich and famous

Firstpost  

The report released by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files …

Panama papers scandal 2.0? Titled Pandora papers, ICIJ set to release largest expose of financial secrecy yet
3 years, 5 months ago

Panama papers scandal 2.0? Titled Pandora papers, ICIJ set to release largest expose of financial secrecy yet

Firstpost  

The Panama government has written a letter stating that “any publication” reinforcing “a false perception” of the country as a possible tax haven “will have devastating consequences” Panama City, Panama: Panama fears the publication Sunday of a new expose about financial secrecy in global tax havens could again taint its reputation, which was seriously damaged by the “Panama Papers” scandal, …

CBDT creates 8 dedicated units to fasten probe in Panama Papers scam
4 years, 3 months ago

CBDT creates 8 dedicated units to fasten probe in Panama Papers scam

India Today  

The CBDT has created dedicated, specialised units in income tax which will focus on cases related to black money being parked overseas. The tax department has created specialised units which will be focussing on foreign assets of Indian nationals bought and parked overseas illegally. Sources told India Today that other than 8 investigation units of Income Tax investigation in Mumbai, …

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks
5 years, 5 months ago

Delhi HC questions Centre on powers of investigative body set up to probe Panama papers, Bahamas leaks

Firstpost  

The Delhi High Court on Tuesday queried the Centre on the powers of the Multi-Agency Group set up to probe individuals, including politicians, named in the ‘Bahamas leaks’ and ‘Panama papers leak’. New Delhi: The Delhi High Court on Tuesday queried the Centre on the constitution and powers of the Multi-Agency Group set up to probe the companies and individuals, …

Panama papers: Multi agency group looking into fresh revelations, says finance ministry
6 years, 9 months ago

Panama papers: Multi agency group looking into fresh revelations, says finance ministry

Firstpost  

The finance ministry on Thursday said the fresh revelations under the ‘Panama Paper Leaks’ are being looked into by the Multi Agency Group, which includes the tax department and the Reserve Bank New Delhi: The finance ministry on Thursday said the fresh revelations under the ‘Panama Paper Leaks’ are being looked into by the Multi Agency Group, which includes the …

Panama Papers return with more stings, all India needs to know
6 years, 9 months ago

Panama Papers return with more stings, all India needs to know

India Today  

Panama Papers are back. Fresh documents from the Panama Papers contain names of some big Indian business magnets who did not figure in the 2016 leak. Those Indian nationals whose links to offshore entities have been confirmed by the fresh leak include: Shiv Vikram Khemka - SUN group patriarch Nand Lal Khemka's son Actor Amitabh Bachchan Jehangir Sorabjee - the …

Panama papers case: ED to issue FEMA notices to 46 Indian entities for possible violations
7 years, 3 months ago

Panama papers case: ED to issue FEMA notices to 46 Indian entities for possible violations

Firstpost  

The Enforcement Directorate is set to issue fresh notices to more than 45 Indian entities named in the Panama Papers list New Delhi: The Enforcement Directorate is set to issue fresh notices to more than 45 Indian entities named in the Panama Papers list on charges of possible forex law violations, official sources said on Thursday. The agency, they said, …

Panama Papers case: ED seizes assets worth Rs 10.35 crore of former IPL chairman Chirayu Amin
7 years, 3 months ago

Panama Papers case: ED seizes assets worth Rs 10.35 crore of former IPL chairman Chirayu Amin

Firstpost  

The ED said it has seized mutual funds valued at Rs 10.35 crore under the FEMA law of a company “controlled” by businessman and former IPL Chairman Chirayu Amin New Delhi: The Enforcement Directorate on Saturday said it has seized mutual funds valued at Rs 10.35 crore under the FEMA law of a company “controlled” by businessman and former IPL …

Paradise Papers reveal 714 Indians on tax haven list: How corporations, politicians and celebs stash wealth
7 years, 4 months ago

Paradise Papers reveal 714 Indians on tax haven list: How corporations, politicians and celebs stash wealth

Firstpost  

The government has directed that investigation in cases of Paradise Papers will be monitored by a re-constituted MAG, headed by the Chairman CBDT A huge new leak of financial documents, called the Paradise Papers, has revealed how the world’s powerful and ultra-wealthy, from politicians to corporates to celebrities, stash away their wealth in offshore tax havens. The Paradise Papers are …

As Paradise Leak Rages, What Have Agencies Done on Panama so Far?
7 years, 4 months ago

As Paradise Leak Rages, What Have Agencies Done on Panama so Far?

The Quint  

In April 2016, the Panama Papers hit headlines when 11.5 million secret files of a Panamanian law firm, Mossack Fonseca, were leaked. Almost a year and a half later, ICIJ has conducted another global investigation into the offshore activities of some powerful people in tax havens - the Paradise Papers. Around 714 Indians are named in the Paradise Papers, including …

Paradise Papers: India's most powerful people and companies figure in tax haven list
7 years, 4 months ago

Paradise Papers: India's most powerful people and companies figure in tax haven list

Firstpost  

The ICIJ said the ‘Paradise Papers’ reveal the offshore activities of some of the world’s most powerful people and companies New Delhi: More than 700 Indian names, including those of politicians, corporates and celebrities, today figured in the leaked ‘Paradise Papers’ detailing business dealings of “the world’s most powerful people and companies” in offshore tax havens. The Indian names include …

Criminal proceedings to be launched in Panama Papers cases, says Arun Jaitley
7 years, 7 months ago

Criminal proceedings to be launched in Panama Papers cases, says Arun Jaitley

India TV News  

Finance Minister Arun Jaitley on Tuesday assured the Parliament that criminal proceedings will be carried out in cases arising out of the Panama Papers disclosures. "In cases of which we are receiving details, we send notices, assess their income tax details and raise tax demand. On the Goods and Services Tax which has completed one month of implementation, Jaitley said …

Panama Papers: SC asks govt whether SIT needed to probe Indians revealed in leak
7 years, 11 months ago

Panama Papers: SC asks govt whether SIT needed to probe Indians revealed in leak

Firstpost  

The Supreme Court on Tuesday asked the government whether a Special Investigation Team should be constituted to probe the offshore accounts of Indians revealed in the Panama paper leaks. New Delhi: The Supreme Court on Tuesday asked the government whether a Special Investigation Team should be constituted to probe the offshore accounts of Indians revealed in the Panama Papers leak. …

Panama papers case: SC asks Centre to file 6 reports of Multi-Agency Group
8 years ago

Panama papers case: SC asks Centre to file 6 reports of Multi-Agency Group

Firstpost  

Solicitor General appearing for the Centre, told the court that the bench should first go through reports of the MAG and thereafter decide whether it could be shared with the petitioner New Delhi: The Supreme Court on Tuesday asked the Centre to place before it in a sealed cover all the six reports of the Multi-Agency Group constituted by the …

Panama Leak: SC Seeks Report From Multi-Agency Probe Team
8 years ago

Panama Leak: SC Seeks Report From Multi-Agency Probe Team

Live Law  

The Supreme Court today asked the Centre to file within four weeks in a sealed cover the report of the Multi Agency Investigation Team set up in April last year to probe the panama paper leak caseWith 500 Indians being named in leaked 'Panama Papers' for alleged offshore holdings, government had in April last year formed the group to monitor …

Enforcement Directorate begins probing 11 Panama Papers firms
8 years, 1 month ago

Enforcement Directorate begins probing 11 Panama Papers firms

Deccan Chronicle  

Hyderabad: The Panama Papers are back here to haunt city industrialists. Following directions issued by the Centre, the Enforcement Directorate has begun a probe into 11 companies named in the Panama Papers, the global media investigation into alleged tax evasions which has brought 415 Indians under the scanner of investigating agencies. Entrepreneur Moturi Srinivas Prasad, who was secretary of the …

Panama papers probe: Multi-agency group submits three reports to govt
8 years, 9 months ago

Panama papers probe: Multi-agency group submits three reports to govt

Firstpost  

Multi-agency group probing Panama papers, which named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports. New Delhi: The multi-agency group probing Panama papers, which named around 500 Indians who have allegedly stashed money in offshore entities, has submitted three reports to the government. The Central Board of Direct Taxes has also been updating …

Emma Watson makes surprise appearance in ‘Panama Papers’
8 years, 10 months ago

Emma Watson makes surprise appearance in ‘Panama Papers’

LA Times  

First they came after the prime minister of Iceland. Included in the documents are details about the holdings of “Harry Potter” star and U.N. women’s goodwill ambassador Emma Watson, whose representatives clarify that Watson’s interest in offshore accounts a matter of privacy, not financial gain. “Emma set up an offshore company for the sole purpose of protecting her anonymity and …

Panama Papers leak: How you can finally read the documents from the tax dodging scandal
8 years, 10 months ago

Panama Papers leak: How you can finally read the documents from the tax dodging scandal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Documents showing how thousands of …

Panama Papers: Individuals and companies named in document leak set to be revealed
8 years, 10 months ago

Panama Papers: Individuals and companies named in document leak set to be revealed

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Thousands of individuals and offshore companies found in the Panama Papers …

Govt. Constitutes SIT on Panama Papers Leaks
8 years, 10 months ago

Govt. Constitutes SIT on Panama Papers Leaks

Live Law  

The Government has constituted a Multi-Agency Group on 4th April 2016, inter alia, for facilitating co-ordinated and speedy investigation in the cases of Indian persons allegedly having undisclosed foreign assets and whose names are reportedly included in Panama Papers leaks. The Group consist of the officers of Investigation Division of the Central Board of Direct Taxes, Foreign Tax & Tax …

Govt. Constitutes SIT on Panama Papers Leaks
8 years, 10 months ago

Govt. Constitutes SIT on Panama Papers Leaks

Live Law  

The Government has constituted a Multi-Agency Group on 4th April 2016, inter alia, for facilitating co-ordinated and speedy investigation in the cases of Indian persons allegedly having undisclosed foreign assets and whose names are reportedly included in Panama Papers leaks. The Group consist of the officers of Investigation Division of the Central Board of Direct Taxes, Foreign Tax & Tax …

Panama Papers: US launches probe into offshore scandal
8 years, 11 months ago

Panama Papers: US launches probe into offshore scandal

Al Jazeera  

The United States Justice Department has launched a criminal investigation into offshore financial dealings exposed by the Panama Papers – leaked documents that showed money laundering and tax avoidance schemes by the wealthy and powerful. “The US Attorney’s Office for the Southern District of New York has opened a criminal investigation regarding matters to which the Panama Papers are relevant,” …

Panama Papers fallout: Investigators end search at Mossack Fonseca
8 years, 11 months ago

Panama Papers fallout: Investigators end search at Mossack Fonseca

Firstpost  

Panama City: Prosecutors have wrapped up their search at Mossack Fonseca’s offices, looking for evidence of any illegal activity in the company at the center of a document leak that revealed details of offshore financial accounts. Lead organised crime prosecutor Javier Caraballo emerged from the offices after 27 hours of searching to say investigators had seized 100 computer servers that …

Panama Papers: Tax officials from rich nations join hands on probe
8 years, 11 months ago

Panama Papers: Tax officials from rich nations join hands on probe

Firstpost  

The tax officials gathered behind closed doors in Paris just hours after the Panamanian police raided the headquarters of Mossack Fonseca Paris: Tax authorities from the world’s richest nations on Wednesday probed a mass of murky offshore dealings revealed in the huge Panama Papers data leak, just hours after police raided the law firm at the centre of the scandal. …

Income Tax serves notices to nearly 50 people who figured in leaked Panama documents
8 years, 11 months ago

Income Tax serves notices to nearly 50 people who figured in leaked Panama documents

India TV News  

New Delhi: Income Tax department has dispatched detailed questionnaires to nearly 50 people whose name were appeared in the recently leaked confidential documents of Panamanian law firm Mossack Fonseca. The first part seeks clarification on whether they are the persons named in documents and whether they gave comments attributed to them on the offshore entities listed against their names. A …

Panama Papers: Strict investigation going on, says Jayant Sinha
8 years, 11 months ago

Panama Papers: Strict investigation going on, says Jayant Sinha

India TV News  

New Delhi: A strict investigation into 'Panama Papers' is on to find out if illegal activities have taken place in overseas Indian accounts, while full force of law has been applied to deal with 'wilful default' cases like that of Vijay Mallya, the Finance Ministry said today. Government has already constituted a multi-agency group including representatives of CBDT, Financial Intelligence …

UK PM David Cameron releases tax records to calm Panama Papers storm
8 years, 11 months ago

UK PM David Cameron releases tax records to calm Panama Papers storm

Live Mint  

London: British Prime Minister David Cameron took the unusual step on Sunday of publishing his tax records to try to end days of questions about his personal wealth caused by the mention of his late father’s offshore fund in the Panama Papers. Opposition Labour Party leader Jeremy Corbyn has accused Cameron of misleading the public by issuing what he described …

Panama Papers Leaks: PIL filed in Bombay HC demanding CBI probe
8 years, 11 months ago

Panama Papers Leaks: PIL filed in Bombay HC demanding CBI probe

Live Law  

A PIL has been filed at the Aurangabad Bench of Bombay High Court, demanding constitution of an independent investigating body, and a criminal investigation by CBI into the Panama Papers leaks. As an interim measure, it has demanded that all the documents pertaining to the 500 persons be called from the custody of Indian Express to the Court in a …

The Panama paper trail
8 years, 11 months ago

The Panama paper trail

The Hindu  

As the ramifications of the leak of about 11 million secret documents from the Panama-based law firm, >Mossack Fonseca, play themselves out, a clear articulation of what the “Panama Papers” hold for the state of global finance today came from U.S. President Barack Obama. Following the joint investigation by the International Consortium of Investigative Journalists and the German newspaper Süddeutsche …

Won't be 'scapegoat' for papers scandal: Panama govt
8 years, 11 months ago

Won't be 'scapegoat' for papers scandal: Panama govt

India TV News  

Panama City: The Panamanian government said that it would not accept the country being used as a "scapegoat" for the apparent financial misdeeds detailed in the Panama Papers. Panama "rejects and regrets" that anyone should want to "trample" its good name, "conveniently forgetting the participation in offshore operations of institutions and individuals of other nations", Efe news agency quoted Aleman …

Panama Papers: Huge leak alleges elites hiding money
8 years, 11 months ago

Panama Papers: Huge leak alleges elites hiding money

Al Jazeera  

Massive data leak from Panama firm throws spotlight on offshore dealings of world leaders, criminals and celebrities. by Charles Intriago, offshore banking expert Among the sitting world leaders named in the leak are Argentine President Mauricio Macri, Iceland’s Prime Minister Sigmundur Davíð Gunnlaugsson, and Ukraine’s President Petro Poroshenko. With “2.6 terabytes of data, 11.5 millions documents, and 214,000 shell companies: …

#PanamaPapers: Who’s Who & What’s What of the Leak of the Century
8 years, 11 months ago

#PanamaPapers: Who’s Who & What’s What of the Leak of the Century

The Quint  

On Sunday, over 100 news organisations from around the world dropped simultaneous investigations into a massive leak of data belonging to Mossack Fonseca, a Panamanian firm specialising in establishing shell corporations, which revealed how the world’s ultra-wealthy – including major world leaders and their associates – hide their money. The International Consortium of Investigative Journalists’ analysis of the leaked records …

Panama papers: Cameron’s late father among those named
8 years, 11 months ago

Panama papers: Cameron’s late father among those named

The Hindu  

It is not surprising that the United Kingdom features prominently in the Panama Papers — the massive cache of documents on off-shore holdings released by the International Consortium of Investigative Journalists following a leak from the Panama-based law firm Mossack Fonseca. The embarrassment over revelations of British participation in tax-evasion is doubly embarrassing for Prime Minister David Cameron as his …

Panama papers: Multi-agency team to investigate 'illegal' money in foreign accounts
8 years, 11 months ago

Panama papers: Multi-agency team to investigate 'illegal' money in foreign accounts

Firstpost  

With 500 Indians being named in leaked ‘Panama Papers’ for alleged offshore holdings, government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all “unlawful” accounts held abroad. Already 52 prosecutions have been filed by Income Tax authorities.” Jaitley further said that in view of the commitment of the Central Government …

Explained: A 10-point fact-sheet on the Panama Papers leak
8 years, 11 months ago

Explained: A 10-point fact-sheet on the Panama Papers leak

India TV News  

New Delhi: A massive data leak of files from Panama-based law firm Mossack Fonseca has blown the lid off tax evasion and secret offshore dealings of powerful people across the globe. 4- Businessmen, criminals, celebrities and sports stars — the ICIJ said the documents involve 214,488 companies and 14,153 clients of Mossack Fonseca. 5- Ramon Fonseca, a co-founder of Mossack …

'Panama Papers': Black money SIT to investigate list
8 years, 11 months ago

'Panama Papers': Black money SIT to investigate list

ABP News  

New Delhi: The Special Investigation Team on black money today said it will investigate thoroughly the reported secret list of about 500 prominent Indians including actors, politicians and businessmen who have allegedly stashed money in offshore entities in tax haven Panama. The latest list, after similar ones came in the the past like 'Swiss leaks' and the HSBC-list related to …

Panama Papers: What are they, who is involved and why are they important?
8 years, 11 months ago

Panama Papers: What are they, who is involved and why are they important?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The group said an anonymous source provided internal documents …

Inside the Panama Papers: Massive leak shows just how extensive corruption is worldwide, implicating politicians, human traffickers and drug dealers
8 years, 11 months ago

Inside the Panama Papers: Massive leak shows just how extensive corruption is worldwide, implicating politicians, human traffickers and drug dealers

Salon  

"My life is in danger," read an anonymous message. Substantially larger than WikiLeaks' 2010 release of U.S. diplomatic cables or Edward Snowden's 2013 release of NSA files, the leak consists of 11.5m documents from the world's fourth-largest offshore law firm, Mossack Fonseca. Many Western media reports on the Panama Papers framed the story around Russian President Vladimir Putin, whose close …

Panama Papers: Unprecedented Leak Reveals $2 Billion Offshore Trail to Putin
8 years, 11 months ago

Panama Papers: Unprecedented Leak Reveals $2 Billion Offshore Trail to Putin

Slate  

A global team of journalists has published an investigation that reveals how a network of associates to Russian President Vladimir Putin has moved around $2 billion through offshore accounts. The revelation comes from 2.6 terabytes of encrypted internal documents from Mossack Fonseca, a Panamanian law firm that sells offshore companies, which were leaked to German newspaper Süddeutsche Zeitung. Specifically, the …

Blackmoney: Dossier on 15 entities with government| IndiaTV News
9 years, 10 months ago

Blackmoney: Dossier on 15 entities with government| IndiaTV News

India TV News  

New Delhi: The Supreme Court constituted Special Investigation Team on black money has received a new dossier on tax related business information on about 15 entities which have allegedly stashed illicit money abroad. Work is also "in progress" in various investigation and enforcement agencies regarding 600 suspect names and addresses obtained from abroad by the Central Economic Intelligence Bureau. The …

Chidambaram promises action against Indians stashing money in offshore tax havens – India TV
11 years, 11 months ago

Chidambaram promises action against Indians stashing money in offshore tax havens – India TV

India TV News  

New Delhi, Apr 6 : Finance Minister P Chidambaram today said an inquiry has been initiated against the individuals whose names appeared in a global report on the monies stashed in tax heaven. We have taken note of the names and inquiries have been put in motion in respect of the names that have been exposed", he said when asked …

Chidambaram promises action against Indians stashing money in offshore tax havens – India TV
11 years, 11 months ago

Chidambaram promises action against Indians stashing money in offshore tax havens – India TV

India TV News  

New Delhi, Apr 6 : Finance Minister P Chidambaram today said an inquiry has been initiated against the individuals whose names appeared in a global report on the monies stashed in tax heaven. We have taken note of the names and inquiries have been put in motion in respect of the names that have been exposed", he said when asked …

REVEALED: THE INDIA CABLES FROM WIKILEAKS
14 years ago

REVEALED: THE INDIA CABLES FROM WIKILEAKS

The Hindu  

Starting today, March 15, The Hindu offers its readers a series of unprecedented insights into India's foreign policy and domestic affairs, diplomatic, political, economic, social, cultural, and intellectual – encountered, observed, tracked, interpreted, commented upon, appreciated, and pilloried by U.S. diplomats cabling the State Department in Washington D.C. Politicians of all shades, diplomats and other officials, sleuths, businessmen, journalists, busybodies, …

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