Paradise Papers: 714 Indians including the MPs, Bollywood stars’ name listed

Paradise papers

New Delhi, Nov 6: In fresh reports disclosed by German newspaper Süddeutsche Zeitung and investigated by the International Consortium of Investigative Journalists (ICIJ) many renowned named have emerged in Paradise Papers.

ICIJ released The Paradise Papers, a global investigation that reveals the offshore activities of some of the world’s most powerful people and companies.

The special thing is that Appleby’s second largest client is an Indian company, which has 118 subsidiaries around the world.

There are some big corporates and companies in Indian Clients of Appleby, who have often been under the scanner of CBI and ED.

A total of 714 Indians including the MPs, Bollywood stars have been named in the list.

In the Central Government, the name of Minister of State for Civil Aviation Jayant Sinha and Bollywood actor Amitabh Bachchan have appeared, India Samvad reported.

In this list, Union minister Jayant Sinha, Bollywood actor Amitabh Bachchan, and corporate lobbyist Niira Radia are among Indians named in a fresh set of data leaks showing alleged offshore dealings of the world’s rich and famous.

Apart from this, the names of BJP’s Rajya Sabha MP and businessman RK Sinha’s company SIS Securities have also emerged.

In Paradise Papers Leak, there is also the mention of Sanjay Dutt’s wife, Vrishan Dutt’s old name Namdhanshin.

In the report of ICIJ, it includes ministers, business and film personalities, Sun TV Airset Maxis Case, Essar Loop 2G Case, SNC Lavalin, Kerala Chief Minister Pinarai Vijayan, Gyquista Healthcare (formerly owned by Sachin Pilot and Karti Chidambaram) and YSR Congress Chief Jagan Mohan Reddy’s names are also included.

The name of Vijay Mallya, a liquor trader from India, is also on this list.

Apart from this, the disclosures of Paradise Papers include Jindal Steel, Apollo Tires, Havells, Hinduja, EMR MGF, Videocon, Hiranandani Group and DS Group.

Noticing that, Ravindra Kishore Sinha did not mention of his and his wife’s association with SAPHL in an affidavit submitted to the Election Commission during his nomination for the Rajya Sabha election in 2014, Indian Express reported.

Sinha is listed as a minority shareholder while wife Rita Kishore Sinha is a director of SAPHL.

Elected to Rajya Sabha from Bihar in 2014 as a BJP member and considered one of the richest in the House, Ravindra Kishore Sinha, a former journalist who founded the private security service firm SIS or Security and Intelligence Services, heads a group which has two offshore entities.

Watch BJP MP’s reaction over the Paradise papers list.

According to records of the Malta registry, SIS Asia Pacific Holdings Ltd (SAPHL), registered in Malta in 2008, is a subsidiary of SIS. Sinha is listed as a minority shareholder while wife Rita Kishore Sinha is a director of SAPHL. Records show that SIS International Holdings Limited (SIHL), a company incorporated in British Virgin Islands, holds 3,999,999 shares in SAPHL while 1 share is with Ravindra Kishore Sinha.

According to a document dated October 13, 2008, available on the Malta registry, SAPHL’s 1499 ordinary shares of Euro 1 each were transferred from PCL International Holdings Ltd, Malta to SIS International Holdings Ltd, British Virgin Islands. And one ordinary share was transferred by David Marinelli in favour of Ravindra Kishore Sinha, Indian Express reported.

The directors of SAPHL are Malta-based Amicorp Malta Ltd, Amicorp Services Ltd, Ravindra Kishore Sinha and his wife Rita Kishore Sinha. SIHL directors are Sinha, wife Rita Kishore Sinha and son Rituraj Kishore Sinha.

Wefornews Bureau

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