PANAMA PAPER

Pandora Papers leak: ED seizes asset worth over Rs 36 cr from Goa miner's son Rohan Timblo

The Enforcement Directorate has seized an asset worth Rs 36.8 crore belonging to Rohan Timblo, the son of a Goa miner, as part of an investigation into the 'Pandora Papers' leaks that unveiled his alleged undisclosed foreign exchange outside India. The investigation revealed that Rohan Timblo owned an offshore family trust and three associated entities that came under the scanner of the Inland Revenue Authority of Singapore. Rohan Timblo was found to have contravened the provisions of section 4 of FEMA, 1999, and an immovable property of his has been seized.

ED seizes shares held by Goa mining Baron's Estate

The Directorate of Enforcement (ED) has seized the entire shareholdings of 33 companies owned by the estate of the late Anil Salgaocar over alleged foreign exchange violations. The ED alleges that Anil Salgaocar contravened the provisions of section 4 of the FEMA in holding assets outside India, leading to a total violation of $690,650,641 (around INR 5,718 crore).

Panama Papers: ED seizes over Rs 41-cr valued prime real estate of Zavareh Poonawalla

The ED said besides "mis-declarations" in remittances, Zavareh Poonawalla and his family members also "wrongly" claimed these investments as foreign portfolio investments. In reality, the foreign entity was completely controlled by them and thus, they did overseas direct investment in a foreign wholly owned subsidiary without due permission of the Reserve Bank of India (RBI), the agency said.

Pakistan court dismisses Imran Khan's plea in six-year-old defamation case

Imran Khan had challenged the Lahore sessions court's decision in the Lahore High Court regarding depriving him from his "right to respond" in the PKR 10 billion defamation case filed against him by Shehbaz Sharif. On Friday, LHC judge Chaudhry Muhammad Iqbal after hearing both sides dismissed Khan's plea and upheld the verdict of the sessions court.

'Panama Papers' whistleblower says Russia 'wants me dead'

Asked by Spiegel whether he feared for his life, he said, "It's a risk that I live with, given that the Russian government has expressed the fact that it wants me dead." When Spiegel asked John Doe about tax havens used by "strongmen in autocratic regimes", he spoke of the alleged role they play in Russia, whose leaders deny breaking the law.

Panama Papers: ED seizes Rs 88.30 lakh after raids in Madhya Pradesh, Goa

Dubbed 'Panama Papers', an investigation of a stockpile of records from Panamanian legal firm Mossack Fonseca by the Washington-based International Consortium of Investigative Journalists (ICIJ) in 2016 had named several world leaders and celebrities who allegedly stashed away money abroad in offshore companies.

Selling shares during talks to Panama Papers: The saga of Cairn retro tax

The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination.

I-T draws blank as tax havens mum on shut accounts, defunct companies

Once the trust or the investment entity ceases to exist, tax haven authorities are under no obligation to give out the underlying info. Zurich banks may have archived details of accounts going back before World War II, but they shut the doors when asked for information prior to April 1, 2011 when the treaty with India came into effect.

Aishwarya Rai Bachchan wishes parents on wedding anniversary, first Insta post after ED probe in Panama Papers leak case

The actress shared a picture of her parents on their 52nd wedding anniversary.

Flashback: The 2016 Panama Papers & the scandal behind famous names and their offshore entities

The documents that were published in 2016 are 11.5 million leaked financial and attorney-client details of over 214,488 offshore entities.

ED grills Aishwarya Rai Bachchan for six hours in Panama Papers leak case; agitated Jaya Bachchan 'curses' BJP in Rajya Sabha

The 48-year-old, who is daughter-in-law of Amitabh Bachchan and Samajwadi Party MP Jaya Bachchan, was the second member of the Bachchan family to be grilled by the agency in a month.

Jaya Bachchan loses cool in Rajya Sabha, slams Chair and government

Samajwadi Party MP and actor Jaya Bachchan's outburst came hours after her daughter-in-law and former Miss World Aishwarya Rai Bachchan deposed before the Enforcement Directorate officials here in the Panama Papers case. “There are such important issues to be discussed but we are spending three-four hours to discuss a clerical error (in the present law). What’s going on? This is terrible,” she added.

Aishwarya Rai Bachchan grilled by ED for six hours in 'Panama Papers' leak case

The quizzing of the 48-year-old daughter-in-law of superstar Amitabh Bachchan and Samajwadi Party MP Jaya Bachchan comes weeks after her husband Abhishek Bachchan was questioned by the agency in another case emerging from the same set of papers linked to the offshore leaks case, official sources said.

Aishwarya Rai Bachchan appears before ED after agency summons her for questioning in Panama Papers leak case

The actress is being questioned under the provisions of the Foreign Exchange Management Act (FEMA).

ED summons actor Aishwarya Rai Bachchan in Panama Papers leak case

The Enforcement Directorate (ED) has summoned actor Aishwarya Rai Bachchan for questioning in a case linked to the 2016 'Panama Papers' global tax leaks case, officials said

Rs 20,353 cr undisclosed credits detected in Panama, Paradise paper leaks: Govt

Replying to a question in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary also informed that taxes collected so far amount to Rs 153.88 crore in the Panama and Paradise Paper Leaks.

Panama To Pandora: High profile Indians and their purported secrets

Kiran Mazumdar-Shaw says 'Pandora Papers' wrongly implicates husband's offshore trust

'Pandora Papers' have named 300 Indian individuals, including Sachin Tendulkar, Anil Ambani, Nirav Modi and Kiran Mazumdar-Shaw.

Panama law firm heavily implicated in 'Pandora Papers' revelations

The firm also worked with figures in some of the most notorious financial scandals of the last decade, including the massive Latin American bribery plot involving Brazilian construction company Odebrecht and the soccer corruption case known as "Fifagate," according to the ICIJ.

Leaked 'Pandora' records show how the powerful shield assets

Hundreds of politicians, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets, according to a review of nearly 12 million files obtained from 14 firms located around the world.

Pandora Papers: Document dump allegedly links world leaders to secret wealth

This came five years after the leak known as the "Panama Papers" exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect.

Abolish tax havens: Oxfam India on Pandora papers revelations

Leaked documents and a worldwide journalistic partnership on Sunday claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials.

Kiran Mazumdar-Shaw says husband’s offshore trust wrongly implicated in 'Pandora Papers'

“Media stories reporting on Pandora Papers wrongly implicate my husband’s offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories,” Mazumdar-Shaw said in a statement to ET.