Five years ago, the Panama Paper leak created panic all over the world. The truth of fake companies and tax evasion of big personalities came to the fore. Now once again the ICIJ (International Consortium of Investigative Journalists) has made the biggest disclosure ever. It tells how Indian celebrities started breaking it after the entire game was exposed.
These ‘financial mysteries’ have been brought before the world after scouring 119 crore documents around the world. ICIJ had told that 600 reporters from 117 countries were involved in the investigation of Pandora Paper. According to a report published in the Indian Express, Anil Ambani, who claims himself to be bankrupt in the UK court, also has 18 companies abroad.
Why did the name Sachin come up?
At the same time, the sister of diamond merchant Nirav Modi, who had scammed thousands of crores from Punjab National Bank, had formed a trust a month before his escape. The report also states that after the Panama Papers leak, Indians started ‘reorganising’ their wealth. According to this, cricket legend Sachin Tendulkar had also started selling his property in the British Virgin Islands three months after the leak.
Who is included in the list?
The report said that evidence was collected and investigated about 60 of the more than 300 Indian names. These will be revealed in the coming days. These people have created tax havens from Samoa, Belize, the Cook Islands to the British Virgin Islands and Panama, facing economic crimes and investigations to evade taxes.
Former tax commissioner himself involved
Many of these people are already under investigation and some have already been arrested. Even the names of some former MPs are included in the list. Interestingly, in the documents of 14 service providers related to tax evasion, the names of people whose job is to stop it appear. These include former revenue service officers, former tax commissioners, even former military officers.
Whose name other than India?
Not just India, names from all over the world have been included in this report. These include the King of Jordan, the Presidents of Ukraine, Kenya and Ecuador, the Prime Minister of the Czech Republic and former British Prime Minister Tone Blair. The names of 130 billionaires from several countries, including India, Russia, America, Mexico, and ‘unofficial ministers of propaganda’ of Russian President Vladimir Putin have also been highlighted in the report. At the same time, the names of Pakistan PM Imran Khan’s ministers to close ones are also included in this.
What was found in the Panama Papers?
Earlier in 2016 the tax evasion game was exposed to the world with a data leak. In this it was told how it is done through shell companies abroad. The leak was linked to Mossack Fonseca, a Panamanian legal aid company, and it also tarnished the name of the country of Panama, while most of the companies were outside.
What did you find in India?
Previous investigations had revealed how assets, companies, profits and tax evasion were concealed and involved government officials and high-ranking officials as well as the head of state. The names of celebrities from sports to the arts were revealed in the Panama Papers leak. In July this year, the Indian government had said that a total of Rs 20,078 crore undeclared assets were unearthed in relation to people belonging to India in the Panama Papers leak.