Paradise Papers show Jayant Sinha's links with Omidyar in Appleby files

Paradise Papers show Jayant Sinha's links with Omidyar in Appleby files”

Sinha, former venture capitalist, also said all these transactions have been fully disclosed to relevant authorities through all necessary filings as required.

The "Paradise Papers" are a set of 13.4 million leaked financial documents from law firm - Appleby - on investments of major multi-national corporations (MNCs) and that of well known individuals in India and overseas in tax havens.

"It is crucial to note that these transactions were done for D.Light as an Omidyar representative, and not for any personal objective", he noted.

"After leaving Omidyar Network, I was asked to continue on the D.Light Board as an independent director".

Sinha, who founded the private secuirty firm SIS, expressed an inability to verbally respond to the press when asked about his name in the Paradise Papers leak. Most of the records investigated are from Appleby, which is based in Bermuda.

These include firms in the Sun-TV-Aircel-Maxis case; Essar-Loop 2G case; SNS-Lavalin in which Kerala Chief Minister Pinarayi Vijayan was named and then cleared; the Rajasthan ambulance scam which has recently been routed to the CBI and which names a company called Ziquista Healthcare (Sachin Pilot and Karti Chidambaram were earlier honorary/independent directors of the firms respectively); and fresh financial links in a CBI case against YSR Congress chief Y.S. Jagan Mohan Reddy. The leaked documents reveal that Jayant Sinha did not mention this in his declaration submitted to the Election Commission, while he was contesting for the Lok Sabha elections in 2014.

According to the ICIJ revelations reported in The Indian Express, records of the Malta registry show SIS Asia Pacific Holdings Ltd (SAPHL), registered in Malta in 2008, as a subsidiary of SIS.

Congress national spokesperson Randeep Surjewala sought an FIR against Sinha and demanded his resignation.

Jayant Sinha refuses to quantify or disclose his interest in the profit investments made by Omidyar Network either in D.Light Design or in other corporate entities including whether any part of such investments was in an entity based in or connected to a offshore tax haven, he said.

The Congress leader said the Modi government should order an investigation into the Paradise Papers and no guilty should be spared. BJP MP asks someone for a pen and jots down that he is observing a 7-day vow of silence or "maun vrat" in Hindi.

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