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More names in 'Panama Papers' Part II

An underworld don, a politician, an ex-cricketer and an industrialist are among those with alleged off-shore links

Policy Pulse
Publish Date: Apr 5 2016 12:04PM | Updated Date: Apr 5 2016 12:04PM

More names in 'Panama Papers' Part II

 An underworld don, a politician, an ex-cricketer and an industrialist are among those with alleged off-shore links, even as the agency that helped them set up the entities stonewalled New Delhi's probe efforts, ‘The Indian Express’ report said on Tuesday.

 
In a series of articles under "Panama Papers Part 2" -- as part of the global expose on people with alleged offshore links, paper published its second list of Indian names, along with an article on how an aide of don Dawood Ibrahim used a set of 17 entities to buy properties abroad.
 
Named in the second list include politician Anurag Kejriwal, industrialists Gautam and Karan Thapar, businesspeople Ranjeev 
Dahuja and Kapil Sain Goel, jeweller Ashwini Kumar Mehra, ex-cricketer Ashok Malhotra, and pharmaceuticals maker Vinod Ramachandra Jadhav.
 
It also include names of IT consultant Gautam Seengal, agribusiness owner Vivek Jain, retired government employee Prabhash Sankhla, and garment exporters Satish Govind Samtani, Vishal Bahadur and Harish Mohnani.
 
The paper also gave glimpses of their alleged modus operandi.
 
After the first list, on Monday, prime minister had ordered a probe team on the expose, conducted by the International Consortium of Investigative Journalists (ICIJ) along with over 100 global media organisations, dubbed the "Panama Papers".
 
On Monday, newspaper ran several pages of probe reports alleging, among other people, Bollywood superstars Amitabh Bachchan and Aishwarya Rai as being directors in companies in Panama. The two did not immediately respond, despite efforts to contact them.
 
Others named in the report were Sameer Gehlaut of India Bulls and K.P. Singh of DLF. 
 
Vinod Adani, elder brother of industrialist Gautam Adani, politician Shishir Bajoria from West Bengal and Anurag Kejriwal of Loksatta Party were also alleged to have companies in tax havens. All of them since denied any wrong-doing.
 
Soon after Modi's order, the finance ministry announced that the probe team will comprise officers from the Central Board of Direct Taxes' Financial Intelligence Unit, its Tax Research Unit and also officials from the Reserve Bank of India.
 
"The group will monitor the flow of information in each one of the case. The government will take all the necessary actions as required to get maximum information from all sources including from foreign governments to help in the investigation process," the ministry statement added.