Paradise papers: Data leak reveals offshore activities of many, Jayant Sinha too named
The name of Civil Aviation Minister, Jayant Sinha also finds a mention in the papers.
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A host of documents called the Paradise Papers were released late Sunday night by the International Consortium of Journalists.
The leaked documents, dubbed the Paradise Papers, show how deeply the offshore financial system is entangled with the overlapping worlds of political players, private wealth and corporate giants, including Apple, Nike, Uber and other global companies that avoid taxes through increasingly imaginative bookkeeping maneuvers.
A trove of 13.4 million records exposes ties between Russia and U.S. President Donald Trump's billionaire commerce secretary, the secret dealings of the chief fundraiser for Canadian Prime Minister Justin Trudeau and the offshore interests of the queen of England and more than 120 politicians around the world.
The
name
of
Civil
Aviation
Minister,
Jayant
Sinha
also
finds
a
mention
in
the
papers.
One
offshore
web
leads
to
Trump's
commerce
secretary,
private
equity
tycoon
Wilbur
Ross,
who
has
a
stake
in
a
shipping
company
that
has
received
more
than
$68
million
in
revenue
since
2014
from
a
Russian
energy
company
co-owned
by
the
son-in-law
of
Russian
President
Vladimir
Putin.
In all, the offshore ties of more than a dozen Trump advisers, Cabinet members and major donors appear in the leaked data.
The new files come from two offshore services firms as well as from 19 corporate registries maintained by governments in jurisdictions that serve as waystations in the global shadow economy. The leaks were obtained by German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists and a network of more than 380 journalists in 67 countries.
Read the full report here
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