Pandora Box Volcano | Current Affairs | Nandini Bhatnagar | Tarun IAS
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Pandora Box Volcano

Own offshore companies.
Politicians
Sportspersons,
Business empire owners
Celebrities from all around the world
Around 380 Indian National Name recognised.

What do these papers uncover?
The International Consortium of Investigative Journalists (ICIJ) Washington DC
Evidences
Almost 12 million documents and files.
More than 600 journalists from 150 news outlets.
Spent two years
14 sources containing about 2.94 terabyte of data.

How these People involved?
Investment in locations where tax regulations are weak.
Bought Offshore Companies and assets.
Hide real amount of Wealth and hold avoid Tax Evasions.

What is Offshore?
An ease to set up companies,
There exists no way to find the owners
There is no corruption possible.

How different is the pandora leak from the Panama leak or the paradise paper leaks?
Countries tighten the screws on such offshore entities
Money laundering
Terrorism funding
Tax evasion.

Is it legal setting up these trusts in offshore companies?
IS IT LEGAL SETTING UP THESE TRUSTS IN OFSHORE COMPANIES?
Government has ordered a probe into the investigation
Central Board of Direct Taxes CBDT
Enforcement Directorate
RBI

Names have been recognized in these documents?
Names revealed by Indian Express.
Tendulkar
Kiran Mazumdar Shaw
Anil Ambani
Jackie Shroff
Pop star Shakira
The king of Jordan
Nirav modi‘s sister Purvi Modi
President of Russia Vladimir Putin
Ex chief of military intelligence and his son (Seychelles).
Indian Revenue Service Officer
Tushar Vashishth (fitness app owner)

This Video is based on the Current Affairs Strategy for UPSC Current Affairs on the behalf of Tarun IAS.

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