After Panama leaks, 2.9 terabytes leaked financial data Pandora shakes the world. Every social media network like Facebook and Instagram are down in performance yesterday because of huge sets of Pandora papers. In 2020 February, Anil Ambani said in a London court that his net worth was zero in the wake of the dispute with three Chinese banks? Anil Ambani, who declared bankrupt at the time, still has nowhere to say about his $ 130 crore (approximately Rs 10,000 crore) offshore companies! But, the truth is like fire. The smoke from the fire leaked through the Pandora Papers.In fact, in 2020, a London court referred to such offshore companies. Anil innocently told the court that he had nothing like that. It was in this context that in May 2020, Anil Ambani ruled that the three Chinese banks should be paid $ 716 million.
Pandora is in the documents about the details of several companies. Took huge sums in the form of loans from various banks. Cricket god Sachin Tendulkar also owned a company called Sass International Limited in the British Virgin Islands. Following the Panama Papers leak in 2016, Pandora Papers revealed that the company had rolled out the mat. As per Pandora, Sachin, his wife Anjali and her father Anand Mehta were directors of Sass International. Leading Bollywood actor Jackie Shroff's name also came to light in the Pandora Papers leak. Jackie Shroff is the main beneficiary of a trust set up by his mother-in-law in New Zealand.
Leaked records show that, for as little as a few hundred dollars, celebrities and other wealthy people have opened companies offshore and, in some cases, saved hundreds of thousands or even millions of dollars in taxes. But those savings come at a cost to the public. They opened offshore companies and diverted the money to avoid paying the tax in India.Pandora papers is the biggest ever leak of offshore data that exposes financial secrets of rich and powerful people. The leak exposed the hidden secrets and assets of them.
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