Paradise Papers: Biggest data leak reveals trails of India’s corporates in global secret tax havens

Two days before the Government observes “Anti-Black Money Day” to mark the first anniversary of demonetisation, comes the largest ever leak of financial data. Of two firms Bermuda’s Appleby and Singapore’s Asiaciti with 19 tax havens across the world which help the global rich and powerful, including from India, to move their money abroad.

This cache of 13.4 million documents named “Paradise Papers” tumbled out 18 months after Panama Papers: both sets of data were obtained by German newspaper Süddeutsche Zeitung and were investigated by the International Consortium of Investigative Journalists (ICIJ) working in partnership with 96 news organisations.