New disclosures have been made in the Panama Papers leak case. In April 2016, some Indian names have been published in an email to Panama’s law firm Mossack Fonseca revealed new names of ultimate beneficial owners of some previously registered companies, new records show. Among them are Ajay Shakti, owner of PVR Cinema, son of telecom czar Sunil Bharti Mittal and Hike Messenger CEO Kevin Bharti Mittal and Asian Paints promoter Ashwani Dhani’s son Jalaj Ashwin Dhani. These are those people who companies have been known to be registered in abroad. Mossack was working for all of these companies. In the latest disclosures, there are 12 lakh documents in which 12000 documents belong to the Indians.
There were 1.15 crore documents in 2016. It was discovered jointly by the International Federation of Investigative Journalists (ICIJ) and German newspaper Suduc Zeitung. It has also been revealed by the documents that the law firm of Panama saw his bookkeeping of Mossack Phonkska. Mossack had sent a notice to the Indians when documents related to the registration of their companies were low. After this, Mossack Fonseka gave 90 days’ notice to all its clients in which he talked about resigning from a registered agent because the companies were failing to fulfill the legal formalities.
Those who have registered companies in foreign countries are Shiv Khemka, Amitabh Bachchan, Jahangir Sorabjee, DLF Group’s KP Singh and his family, Anurag Kejriwal, Naveen Mehra of Mehrishnas Jewelers and Hazara Iqbal Memon and their families. According to the Indian Express report, the disclosures made in 2016 were recognized that Amitabh Bachchan is the director of Lady Shipping Limited and Treasure Shipping Limited. They received a 90-day notice by the Minerva Trust in the UK. He was working as the administrator of these two companies. In this case, the name of another company C Bulk Shipping Company Limited was also revealed.