More than 300 Indians, including cricketing legend Sachin Tendulkar and businessman Anil Ambani, have been named in the recently released Pandora Papers, Indian media outlets reported on Sunday.
The Indian Express, which is part of the International Consortium of Investigative Journalists’ (ICIJ) collaborative research, said the names of fugitive diamond tycoon Nirav Modi’s sister and pharma billionaire Kiran Mazumdar Shaw’s husband are also included.
Of the 300-plus Indians included in the papers, the offshore holdings of 60 individuals and companies were investigated, the report said, adding that the details would be revealed in the coming days.
It noted that many Indians, including Tendulkar, re-organised their offshore assets following the 2016 Panama Papers investigation. “Evidently, Indian businessmen have been setting up a plethora of offshore trusts to project a degree of separation from their wealth and insulate their assets from creditors,” it further said.
