Front cover

PANDORA PAPERS LEAK:

BIGGEST EVER EXPOSE ON
BLACK MONEY
PAGE 3 – INTRODUCTION TO THE STORY

PAGE 4 – BIGGEST EXPOSE ON BLACK MONEY

PAGE 5 – NAMES IN PANDORA PAPERS

PAGE 6- ORGANIZED STRUCTURE OF MONEY LAUNDERING

PAGE 7- WHY YOU SHOULD BE AWARE

JANUARY [2022]
 PAPERS JANUARY [2022]
About Me
PANDORA PAPERS
Name

1
Are 11.9 million leaked documents
Divyansh
with 2.9 TB of data that the ICIJ
Course published beginning on 3 rd oct 2021.
BBA
Year
2nd
PANAMA PAPERS

2
The documents that were published in 2016 are
College
11.5 million leaked financial and attorney- client
LLDIMS(IPU)
details of over 214488 offshore entities.

PARADISE PAPERS

3
The Paradise Papers are a set of over 13.4 million confidential electronic
documents relating to offshore investments that were leaked to the German
reporters Frederik Obermaier and Bastian Obermayer, from the newspaper
Süddeutsche Zeitung

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1 INTRODUCTON TO THE STORY
Divyansh

Previous year many companies owned by Mr. disclose it. So here is question comes that what
Anil Ambani declares insolvent and become is Pandora Papers. Many big names come in
defaulter by bank. In which UK courts ask Anil these papers like Anil Amani, Sachin Tendulkar,
Ambani to pay 716 million dollars with interest Jackie Shroff, Kiran Shaw and many more. Not
to 3 Chinese banks. But Anil Ambani failed to in even India but these papers expose many
return and declares his net worth as zero and things in another big countries. Even Pakistan
doesn’t return. But according to Pandora Papers situation is more worse, 500 names expose in
his 18 companies listed in different islands, in papers in which many ministers are include.
which he invested 1.3 billion dollars (10000
crore) from debt. But Anil Ambani never

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2
leak, there is also business behind that. promoters of Mossack Fonseka and put
BIGGEST EXPOSE ON BLACK MONEY Whenever if any one wants to hide or in jailed. Many actions take against many
kept their black money in some other people in different places. After that
Divyansh place, so there is no need to go directly in leaked many rich people getting scared
that place. Instead of that they contact because any data can be leaked in future
offshore service provider. Offshore and they start adopting new different
service provider is a companies and these ways to hide their money. Mosseck
companies or agency that helps people to Fonseca, the offshore company alone
hide or park their black money. Just like formed 3 Lack companies. Later it was
that agency name Mossack Fonseca data proofed that mostly companies create for
leaked in 2018. Unknown person leaked illegal purposes. Then in 2017, another
that data from agency and send to paper was leaked that was Paradise
German newspaper. After that reporters Papers in which big companies data
investigate and disclose data with full leaked. Apple company name was also in
list. After that fraud case filed against the the papers.

Pandora papers is biggest black money data leak of the world ever. Pandora
Papers exposes how the big rich persons manage and invest their black money.
However, these things start from 2016. Panama Papers in 2016 expose many
names actor like Amitabh Bachchan, Aishwarya Bachchan and business man like
Ajay Bijlee, promoters of DLF and also exposes that their black money hide in
islands nations. In which government start investigation and made a team called
MAG( Multi Agency Group). Panama papers exposed more than 450 Indians
names that worth around more than Rs 20,000 crore. According to the MAG
investigation they detect Rs 1000 crore. After Panama papers leak many protest
start worldwide and many world leaders resign from their post. But question is
here that how this data

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 3 NAMES IN PANDORA PAPERS
Divyansh

Anil Ambani who refused that he doesn’t have any company and his net worth is zero, but
according to the leak data his 18 companies listed in different island nations you can see in
the lest picture. Sachin Tendulkar’s spoke person said in investigation that they already
submitted their data in income data. Vinod Adani who is a brother of second richest person
of India Mr. Gautam Adani said that he already closed their company many time ago. We
know that in panama papers, data get leaked from one offshore company but in pandora
papers data get leaked from many different agency. Data is too much that over 1500
journalist investigate that. Indian Express said more data and more data people will expose
in coming future.

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 Click icon to add picture
4 ORGANIZED STRUCTURE OF MONEY
LAUNDERING
Divyansh

Now you are thinking how all these system work. There is a many ways but first most
important way is Hawala Network. For exp. If you want to transfer Rs. 1 Lakh in
Cayman Island through Hawala network, then you will have to give Rs. 1 Lakh to any
person of Hawala network in cash in India. Then that person of Hawala network will
give you money directly in Cayman Island. Obviously he will take some commission
for that. This full procedure done in cash and your black money transact in cash also.
After that people open a company from that cash in Cayman island and they also show
a profit from that business to the world. Do you know what a special thing about these
island nation.

They doesn’t charge you any corporate has no office and no employees, but may
tax or any island charge that is a very low have a bank account or may hold passive
neither they charge income tax. And they investments or be the registered owner of
never disclose company owner name. But assets, such as intellectual property, or
most of the time these business never run. ships. These companies formed only for
They just only formed a company and save their black money or turn into white
they show profit of that black money company.
which they transfer through hawala
network and this is how they turn their
black money into white money. All these
business are business in name only. These
companies called Shell Companies. A
This is how Hawala Network works as shown in picture. shell corporation is a company or
corporation that exists only on paper and

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 5 WHY YOU SHOULD BE AWARE

“
Divyansh

Click icon to add picture

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adipiscing elit. “
When Paradise Paper got leaked Apple will help you in management analysis
company name was also leaked. that you can understand from next
According to paper Apple shows their slide.
Now I will tell you one shocking fact. This building you can see in image situated full European sales in Ireland because
in Cayman Island. Can you imagine how many companies registered in this Ireland charge corporate tax less than
building- more than 18000 companies. It is a huge number. But how is it possible 1%. Due to this Apple save 65 Billion
that more than 18000 companies run from only one building. As I already tell you dollar (5 lakhs crore) from tax. Big
in previous slide these all companies are a Shell companies. And also most of the companies like Nike and Goldman
time their purpose is also a illegal. Sachs shows their sales in Bermuda
and save their money because in
Bermuda corporate tax is zero. There is
lots of learning in whole case which

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 Click icon to add picture
5.1 WHY YOU SHOULD BE AWARE
Divyansh

In Panama Paper many names include Vijay Malaya, DLF promoters, PVR
promoters and many more. But if we talk about Pandora papers many names
include promoters of Coax and King, Biocon promoters and so on. You should
notice and track why and where these promoters invest or hide their money. After
due diligence of these promoters and companies you will get to know their
intentions that they are right or wrong. And you should understand better to stay
Click icon to add picture away from such companies. You should always track these companies, their
promoters and their investment whose name listed in papers or also others that
will come in future while investing.

In Panama Paper Vijay Malaya and

Nirav Modi name was listed and they
both ran from countries. And in
Pandora promoters of papers Coax
Click icon to add picture & King listed and they are in jail
now. Many shady things come from
this case. These things will help you a
lot while finding good companies. So
motive of this article is you should
know about this learning and this
whole process.

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