The Pandora Papers refers to a trove of 11.9 million secret documents from 14 offshore service providers that gave details of ownership of 29,000 offshore entities used by the super-rich to manage their global money flows.
“The ED probe found that Asiaciti Trust Singapore Pte Ltd provided corporate trustee services to the Colares Trust, of which Rohan Timblo was the sole settlor and one of the beneficiaries, along with his wife Mallika Timblo and their children,” the ED said.
In its statement after Lalit Goyal's arrest, ED had mentioned The Indian Express investigations into the Pandora Papers, which revealed that he had moved an estimated $77 million even as home buyers and investors ran from pillar to post for their money.
Officials said that using the network of FIUs in mostly the offshore havens mentioned in The Indian Express investigation (October 4-16, 2021), the FIU sent out 160 requests to foreign jurisdictions and has received responses in 125 cases so far.
The first operation focused on family members of former Congress Union Minister, the late Satish Sharma, and the other on construction major, Hiranandani Group. Officials described both the operations as “successful”.
This has been under the aegis of the Egmont Group, an umbrella organisation that brings 167 FIUs together for the “secure exchange of expertise and financial intelligence to combat money laundering and terrorist financing.”
When 13-year-old Sridevi and newbie Rajinikanth were completely starstruck by Kamal Haasan
Entertainment1 hr ago
Sridevi and Rajinikanth looked up to Kamal Haasan in the early stages of their careers, with both making their debuts alongside him in Moondru Mudichu and Apoorva Raagangal, respectively. The film played a crucial role in establishing Rajinikanth as an actor and inspired both stars to chase fame and fortune like Kamal. Sridevi and Rajinikanth collaborated with Kamal Haasan in numerous films.
