[tps_footer]Celebrities, politicians, sportspersons and business entities often have to deal with complicated issues like corruption. After the Swiss bank accounts issue, another massive blow has come about in terms of Panama Papers list. The Panama Papers list is a detailed investigated list of documents which point towards massive money leaks and corruption.
The leaked documents account for around 11.5 million files. It was earlier reported that many wealthy individuals hide their fortune using the shell corporations and the leaked documents state the names of those entities!
500 Indians have featured in the list which includes politicians, celebrities, businessmen etc. Additionally, Amitabh Bachchan and Aishwarya Rai Bachchan’s names have also been stated in the list. Also, DLF owner K P Singh and politicians Shishir Bajoria and Anurag Kejriwal have been stated in the list.
The list further unravels the massive secret dealings of various individuals including the Government too. According to reports, until the year 2003, it was not allowed to float funds overseas, however, the list hints at the fact that the companies were formed much before the rules changed in 2004.
Now, what effect will these leaked documents have on the economic structure is yet to be seen.
Credits- The Indian Express[/tps_footer]