Pandora jewelry

Sachin Tendulkar quoted in the Pandora Papers: The Tribune India

New Delhi, October 4

Legendary Indian drummer Sachin Tendulkar has been named in the Pandora Papers investigation which unmasks the secret owners of offshore companies, incognito bank accounts, private jets, yachts, mansions and even Pablo Picasso artworks , Banksy and other masterminds, providing more information than is generally available to cash-strapped law enforcement and governments.

The International Consortium of Investigative Journalists (ICIJ) said those linked by the secret documents to offshore assets also include pop music diva Shakira, model Claudia Schiffer and an Italian mobster known as “Lell the Fat One”, in addition to Tendulkar.

Tendulkar’s lawyer said the cricketer’s investment is legitimate and has been declared to the tax authorities.

Shakira’s lawyer said the singer declared her corporations, which the lawyer says don’t offer tax benefits.

Representatives for Schiffer said the model pays her taxes correctly in the UK, where she lives.

The ICIJ secured the trove of more than 11.9 million confidential files and led a team of more than 600 reporters from 150 news outlets who spent two years combing through them, searching for hard-to-find sources and search through court records and other public documents. dozens of countries.

In most countries, it is not illegal to have overseas assets or use shell companies to do business across national borders.

Businessmen who operate internationally say they need offshore companies to conduct their financial affairs.

But these cases often amount to shifting profits from high-tax countries, where they are earned, to companies that exist only on paper in low-tax jurisdictions.

The use of offshore shelters is particularly controversial for politicians, as they can be used to remain politically unpopular or even illegal, the ICIJ said. IANS