Paradise Papers show Jayant Sinha’s links with Omidyar in Appleby files

An Indian Express report stated that D.Light Design Inc was founded in 2006 in San Francisco, California and has a subsidiary of the same name in Cayman Islands.

The minister for Civil Aviation, Jayant Sinha worked with Omidyar Network as its Managing Director in India before he was elected to the Lok Sabha. Omidyar Network invested in a US company called D. Light Design which has a subsidiary in Cayman Islands.

Records of offshore legal firm Appleby show Sinha served as Director of D.Light Design - he did not mention this in his declaration to the Election Commission when he contested the Lok Sabha polls in 2014, nor to the Lok Sabha Secretariat or the Prime Minister's Office as a Minister of State in 2016, revealed the Paradise Papers which were released by the International Consortium of Journalists.

An Indian Express report stated that D.Light Design Inc was founded in 2006 in San Francisco, California and has a subsidiary of the same name in Cayman Islands. Sinha joined Omidyar Network in September 2009 and resigned in December 2013. Omidyar Network invested in D.Light Design which took a loan of USD 3 million through its Cayman Islands subsidiary from an investor based in the Netherlands - Appleby records mention a loan agreement dated December 31, 2012. Sinha was Director at D.Light Design when these decisions were taken.

In his October 26, 2016 declaration to the PMO, available on the PMO website, Sinha did, however, mention: "The declarant may be entitled to carried interest in certain investments made by Omidyar Network entities in the years 2009 to 2013, the report also stated.

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