Have the Paradise Papers Revealed any Illegal Activities Till Now?
Merely investing in offshore entities isn’t illegal, but can be if any of the following rules are breached.
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The Paradise Papers have revealed details of offshore investments by the rich and famous from around the world.
Also Read: Paradise Papers: Is Offshore Investment in Tax Havens Illegal?
The trove of 13.4 million documents also names 714 Indians, including Amitabh Bachchan, Vijay Mallya, Niira Radia and politicians including Union Minister Jayant Sinha. Is there evidence of wrongdoing?
The Quint’s Legal Correspondent Vakasha Sachdev explains the legal requirements to invest in such entities, and what the current legal framework allows and prohibits.
Also Read: The Players in Paradise Papers: Who Are the People Named and Why?
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