Indians in Panama Papers list

Nearly 1.15 crore documents leaked from Panama-based law firm Mossack Fonseca, about 500 Indians including two politicians, industrialists, bureaucrats and Bollywood celebrities have been named in the list. List includes the promoters of Apollo Tyres and Indiabulls, and many others. Bollywood actors like Amitabh Bachchan and Aishwarya Rai Bachchan have been named on the list.

The information about the Indians on the list was first made public by The Indian Express which partnered with the International Consortium of Investigative Journalists to carry out a probe of the documents leaked for the last eight months.

Firstly The Indian Express has put out a list of 11 Indians and their family members along which partnered with the International Consortium of Investigative Journalists. The details of their offshore investments and business entities as revealed by the leaked documents.

1-Ashok Garware

Persons named: Ashok Garware, Sushma Garware, Aditya Garware, 

Ashok Garware, the executive chairman of Global Offshore Services along with his wife, Sushma, and son, Aditya, hold Power of Attorneys (PoA) in several companies based in Panama.

2-Shishir K Bajoria

Persons named: Shishir K Bajoria,

Shishir K Bajoria, promoter of SK Bajoria Group and one of BJP's key campaigners in the upcoming West Bengal elections, he named in the beneficial owner of Haptic (BVI) Limited which was set up to receive assets from sister company and settle new trust. 

3-Onkar Kanwar

Persons named: Onkar Kanwar, wife Taru Kanwar, Simran Kanwar, Neeraj Kanwar 

J&S Systems Corporation and two trusts were floated by the chairman of Apollo Group, Onkar Kanwar and his family members in 2010 and 2014, respectively.

4-Harish Salve

Persons named: Harish Salve and family

Erstwhile Solicitor General of India Harish Salve and his family registered three companies in the British Virgin Islands, the Indian Express report says.

5-Jehangir Soli Sorabjee

Former attorney general Soli Sorabjee's son is the sole shareholder in Moonglow Investments Global Ltd, an entity in British Virgin Islands.

6-Mohan Lal Lohia

Mohan lal is Chairman Emeritus of Indo Rama Synthetics and Chairman of Indo Rama Holdings Ltd has been named as first director of Venton Group Ltd, an entity in British Virgin Islands.

7-Zavaray Poonawala

Dr Cyrus Poonawalla's brother, Zavaray's wife Behroze and daughters Simone and Delna, were listed on the leaked documents as as directors of Stallast Ltd. The entity was set up in 2013 in the British Virgin Islands and was struck off in 2014.

8-Rajendra Patil

Rajendra Patil, son-in-law of Karnataka Horticulture Minister Shamanur Shivashankarappa, set up an offshore firm called Elgenburt Ltd in British Virgin Islands in 2007 along with two associates Sanjay Nadgouda and Shashank Angadi.

9-Anil Vasudeva Salgaocar

The former Goa-based MLA and mining tycoon used the Panama law firm's help to set up 11 offshore companies mostly in British Virgin Islands.

10-Indira Sivasailam and Mallika Srinivasan

Indira Sivasailam, wife of the chairman of Amalgamations Group, Anantharamakrishnan Sivasailam, passed away in December 2008, the report said. Her daughters Mallika Srinivasan is the chairman and CEO of Tractors and Farm Equipment Limited (TAFE) and the late Jayshree Venkatraman, director of TAFE (Power Source Division).

11-Abdul Rashid Mir & Tabasum

Cottage Industries Exposition (CIE) founder and CEO Abdul Rashid Mir, floated Mondale SA with a authorised capital of $10,000, divided into 100 shares. the company was floated on September 4, 2002. He held the Power of Attorney from December 2, 2002, to open a bank account with Banque Baring Brothers (Suisse) SA, the report says.

(Also Read about JNU, Hyderabad varsity among top 5 universities in india- Click here )