Paradise Papers: Transactions were not done for any "personal purpose", says Jayant Sinha
Minister of State for Civil Aviation Jayant Sinha on Monday clarified that the transactions were not done for any "personal purpose" after his name was cropped up in the leaked list of 'Paradise Papers' of companies having offshore entities globally.
Sinha said, "Whatever we did was completely bonafide and legal. No reason to doubt."
" I had no personal interest in the deal. I did it for a company when I was not in politics. Everything was disclosed," he added.
Titled 'Paradise Papers', the findings have been released by the US-based International Consortium of Investigative Journalists (ICIJ), which was behind the Panama Papers made public last year.
In a series of tweets on Monday, Sinha said the transactions were legal and bonafide. The transactions were undertaken on behalf of highly reputed world-leading organisations in my fiduciary role as partner at Omidyar Network and its designated representative on the D.Light Board, Jayant Sinha said.
Full details have been provided to Indian Express. These were bonafide and legal transactions undertaken on behalf of highly reputed 1/n https://t.co/rWYEAZ1Rvy— Jayant Sinha (@jayantsinha) November 5, 2017
world-leading organisations in my fiduciary role as Partner at Omidyar Network and its designated representative on the D.Light Board 2/n— Jayant Sinha (@jayantsinha) November 5, 2017
On joining the Union Council of Ministers, I immediately resigned from the D.Light Board and severed my involvement with the company 5/n— Jayant Sinha (@jayantsinha) November 5, 2017
It is crucial to note that these transactions were done for D.Light as an Omidyar representative, and not for any personal purpose n/n— Jayant Sinha (@jayantsinha) November 5, 2017
Bollywood actors Amitabh Bachchan and Sanjay Dutt's wife Manyata, Union minister Jayant Sinha and corporate lobbyist Niira Radia are among the Indians named in a fresh set of data leaks showing alleged offshore dealings of the world's rich and famous.
The long list of international leaders and celebrities on the list includes Britain's Queen Elizabeth II, Colombian President Juan Manuel Santos, singers Bono and Madonna and US Commerce Secretary Wilbur Ross.
(With agency inputs)