Wealth of 714 Indians under heat after Paradise Paper leak

New Delhi : In world's biggest financial data leak - Paradise Paper - it has been claimed that the wealth of around 714 Indians will get exposed.

The leak represents data from 180 countries in which India has been placed at the 19th spot.

In the list of wealthy investments, 714 Indians have been named with at least 118 different offshore entities.

The Paradise Papers leak comes two days before India's ruling government NDA is set to celebrate their greatest demonetisation drive against black money and corruption on November 8.

The leaked documents also show that US commerce secretary Wilbur Ross, the Trump administration's pointman on trade and manufacturing policy, has a stake in a firm that does business with a gas producer partly owned by the son-in-law of Russian l President Vladimir Putin.

The investigation, undertaken by the International Consortium of Investigative Journalists (ICIJ) and called the "Paradise Papers", was performed by 382 reporters at almost 100 media outlets who analyzed more than 13 million tax haven documents covering the period 1950-2016, Efe news reported.

The documents from 19 jurisdictions on the worldwide list of tax havens were leaked from the Appleby and Asiatici Trust Law Firm and received by Germany's Süddeutsche Zeitung newspaper, which called in the ICIJ to examine them.

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