Kiran Mazumdar-Shaw says ‘Pandora Papers’ wrongly implicates husband’s offshore trust

The ‘Pandora Papers’ have named 300 Indian individuals, including Sachin Tendulkar, Anil Ambani, Nirav Modi and Kiran Mazumdar-Shaw

Kiran Mazumdar-Shaw on October 4 said the have wrongly implicated her husband’s offshore trust, and termed the organisation as “bonafide” and “legitimate”.

“Media stories reporting on Pandora Papers wrongly implicate my husband’s offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories,” Ms. Mazumdar-Shaw, the executive chairperson of biotechnology major Biocon, said in a tweet.

by a worldwide journalistic partnership on October 3, claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, including India.