Excerpt from the Indian angle to the Panama Papers:
Related must-read article. Also this, from 2014.
Staying on the subject of leaks, this is sure to bury the Unaoil leak. By the way, did you know that L&T was a beneficiary of a rigged tender process, courtesy of a Unaoil insider?
MF records list Indira as a shareholder in Stanbridge Company Ltd, which was incorporated in 1999 in the BVI. Records show that shares of the older couple were transferred to their daughters in 2011 and eventually, in October, 2011 Malika Srinivasan relinquished her shares “for personal reasons” to one Ved Prakash Ahuja. They also show that shares of another BVI entity, Auto Engineering Development and Research Limited, were transferred to Stanbridge. MF records show the company was struck off the records in September 2015.MF records list Indira as a shareholder in Stanbridge Company Ltd, which was incorporated in 1999 in the BVI. Records show that shares of the older couple were transferred to their daughters in 2011 and eventually, in October, 2011 Malika Srinivasan relinquished her shares “for personal reasons” to one Ved Prakash Ahuja. They also show that shares of another BVI entity, Auto Engineering Development and Research Limited, were transferred to Stanbridge. MF records show the company was struck off the records in September 2015.
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
MF
records list Indira as a shareholder in Stanbridge Company Ltd, which
was incorporated in 1999 in the BVI. Records show that shares of the
older couple were transferred to their daughters in 2011 and eventually,
in October, 2011 Malika Srinivasan relinquished her shares “for
personal reasons” to one Ved Prakash Ahuja. They also show that shares
of another BVI entity, Auto Engineering Development and Research
Limited, were transferred to Stanbridge. MF records show the company was
struck off the records in September 2015.
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
You really have to hand it to the 1%, the response is a masterclass in staying on the right side of truth while projecting an air of innocence (assuming they're not brazening it out on the assumption that nothing will come of the whole thing). "...I did not set up any offshore company" (doesn't preclude a registered agent setting it up for her), "...have no connection with Stanbridge Company" (again doesn't preclude having had a connection) and "It belongs to Mr V P Ahuja" (conveniently doesn't say whom it had belonged to).Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
Related must-read article. Also this, from 2014.
Staying on the subject of leaks, this is sure to bury the Unaoil leak. By the way, did you know that L&T was a beneficiary of a rigged tender process, courtesy of a Unaoil insider?
MF
records list Indira as a shareholder in Stanbridge Company Ltd, which
was incorporated in 1999 in the BVI. Records show that shares of the
older couple were transferred to their daughters in 2011 and eventually,
in October, 2011 Malika Srinivasan relinquished her shares “for
personal reasons” to one Ved Prakash Ahuja. They also show that shares
of another BVI entity, Auto Engineering Development and Research
Limited, were transferred to Stanbridge. MF records show the company was
struck off the records in September 2015.
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
MF
records list Indira as a shareholder in Stanbridge Company Ltd, which
was incorporated in 1999 in the BVI. Records show that shares of the
older couple were transferred to their daughters in 2011 and eventually,
in October, 2011 Malika Srinivasan relinquished her shares “for
personal reasons” to one Ved Prakash Ahuja. They also show that shares
of another BVI entity, Auto Engineering Development and Research
Limited, were transferred to Stanbridge. MF records show the company was
struck off the records in September 2015.
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
Response: Mallika Srinivasan stated: “I wish to clarify that I did not set up any offshore company and have no connection with Stanbridge Company Limited. It belongs to Mr V P Ahuja, an NRI…”
- See more at: http://indianexpress.com/article/india/india-news-india/panama-papers-india-part-1-list-garware-shishir-k-bajoria-harish-salve/#sthash.sR7w21QE.dpuf
