The bombshell revelations known as the Pandora Papers were published by the International Consortium of Investigative Journalists (ICIJ) on Sunday, exposing the financial secrets of the super-riches. It includes private emails, secret contracts, and other records obtained during a two-year investigation involving more than 600 journalists in 117 countries and territories.
In what’s being called the “biggest-ever leak of offshore data,” a cache of nearly 12 million documents published Sunday laid bare the hidden wealth, secret dealings, and corruption of hundreds of world leaders, billionaires, public officials, celebrities, and others.
According to Indian Express, the Indian media outlet part of the investigation, Anil Ambani, who declares bankruptcy in one UK court, has 18 asset holding offshore companies; fugitive Nirav Modi’s sister sets up a trust just one month before he fled India; the husband of Kiran Mazumder Shaw, promoter of Biocon, sets up a trust with keys to a person who banned by Sebi for insider trading.
Of the 300-plus Indian names, the offshore holdings of as many as 60 prominent individuals and companies were corroborated and investigated. These will be revealed in the coming days.