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Sunday, November 5, 2017

Paradise Papers LIVE: Amitabh Bachchan, Jayant Sinha among 714 Indians linked to tax havens

# Paradise Papers refer to a trove - 13.4 million files - of financial data leaked from two firms 

# The files contain information about 19 tax havens and show companies & individuals can avoid taxes using artificial entities

# Bermuda firm Appleby and Singapore-based Asiaciti helped the ultra-rich & powerful move money abroad

# Appleby allegedly helped clients set up offshore firms & manage bank accounts to evade taxes, manage realty, buy planes and yachts, move tonnes of money across the globe

# Amitabh Bachchan, Jayant Sinha among 714 Indians linked to tax havens

# Prominent Indian corporates in Appleby database include Jindal Steel, Apollo Tyres, GMR Group, Havells, Hindujas, Emaar MGF, Videocon, the Hiranandani Group and DS Construction

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