’Pandora papers expose .secrets of rich and powerful in ‘biggest leak in history

 

1. The leaked files contain over 380 Indians, 60 of whom have been verified and have had their documents corroborated.

 Millions of leaked documents called the ‘Pandora Papers’ and an investigation by the International Consortium of Investigative Journalists (ICIJ), which includes 150 media outlets, including The Indian Express, claims to have revealed financial secrets of the “rich, the famous and the notorious” from 91 countries.

There are at least 380 Indians in the Pandora Papers. Sixty of these prominent individuals and companies have been verified and have had their documents corroborated. These individuals include Anil Ambani, Nirav Modi, and Kiran Mazumdar Shaw among others.

• What Do the ‘Pandora Papers’ Reveal
• The investigation by 600 journalists from all over the world revealed how “complex multi-layered trust structures for estate planning” were being set up in parts of the world that are “loosely regulated for tax purposes, but characterised by air-tight secrecy laws.”
• The Pandora Papers contain over 11 million leaked files revealing 29,000 off-the-shelf companies and private trusts set up by 14 global corporate services firms