New Delhi : A fresh expose on what is being termed as ‘Bahamas Papers’ has listed 475 India-related people, trusts and companies registered in the tax haven Bahamas . Bahamas, a tax haven, is a group of 700 islands in the Atlantic Ocean north of Cuba.
This has been revealed by The Indian Express, which says a new cache of documents is with German newspaper Suddeutche Zeitung, which has, in turn, shared it with the International Consortium of Investigative Journalists and its media partners, including the Indian paper.
The 475 India-related dossiers are part of over 175,000 global ones, said the paper. The leaks, nonetheless, do not necessarily indicate any illegality on part of the offshore holdings.
Non-resident Indians who are citizens of other countries do not violate Indian laws by holding such companies.
Probe is on in the case of previous expose, which came to light following the leak of papers belonging to a Panama-based law firm Mossack Fonseca which helped in the setting up of offshore firms.
The release of fresh leaks comes days before the 30 September deadline of the Indian government for individuals and corporates to declare their hidden wealth and come clean by paying a 45-per cent penalty.
