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बेसिक इंग्लिश का दूसरा सत्र (कक्षा प्रारंभ : 22 अक्तूबर, शाम 3:30 से 5:30)
Nearly 2000 Indian Names in Panama Paper Leaks
May 18, 2016

A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country ranging from the tony and posh locations of metropolitan cities like Delhi, Mumbai, Kolkata and Chennai to mofussil locations like that in Haryana's Sirsa, Bihar's Muzaffarpur and Madhya Pradesh's Mandasaur and state capital Bhopal.

The global body that brought out last month the first edition of the 'Panama Papers', by way of secret offshore data sourced from a Panamanian law firm Mossack Fonseca, said the information about a particular country could have ‘duplicates’ as it reiterated that there are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly.

India, taking note of over 500 entities figuring during the release of the first set of names last month, had created a Multi-Agency Group (MAG) comprising officers from various central investigative agencies like the Income Tax department, FIU, RBI and Foreign Tax and Tax Research (FT and TR) under the Central Board of Direct Taxes apart from the Special Investigation Team (SIT) on black money reviewing the probe in these cases.

  • The data released doesn't mention the personal details, bank accounts, email exchanges and financial transactions. It gives the name of the person, local address and the off-shore entities.

  • However, the data only gives the name of the individual, the local registered address, the off-shore entities either incorporated or of which they are a part of along with the country.

  • The new data that ICIJ is now making public represents a fraction of the Panama Papers, a trove of more than 11.5 million leaked files from the Panama-based law firm Mossack Fonseca, one of the world’s top creators of hard-to-trace companies, trusts and foundations.

  • Names and addresses put up on the website of the body not only shows identities of some individuals and addresses along with description of the companies held but also specifies the date of incorporation of the firms in some cases.

  • The database has around 30,000 documents listed with India links.

ICIJ said it was releasing these additional details on names and addresses in public interest and also to find out who's behind almost 3,20,000 offshore companies and trusts from the Panama Papers and the offshore leaks investigations.

The group said the new data that ICIJ is now making public represents a fraction of the Panama Papers, a trove of more than 11.5 million leaked files from the Panama-based law firm Mossack Fonseca, one of the world's top creators of hard-to-trace companies, trusts and foundations. ICIJ is not publishing the totality of the leak, and it is not disclosing raw documents or personal information en masse. The database contains a great deal of information about company owners, proxies and intermediaries in secrecy jurisdictions, but it doesn't disclose bank accounts, email exchanges and financial transactions contained in the documents.


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