Formula One world championship leader Nico Rosberg's contract with the Mercedes team has shown up in the Panama Papers, leaked documents which reveal offshore financial dealings, German broadcaster ARD reported on Monday.
Hussain Nawaz Sharif was quoted, as saying that all finances and non-moveable properties listed in the name of the Sharifs were legal.
The vice chairman said they have asked agencies like the ED, IT to make an assessment of the list and prepare a report in this regard.
Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found on Sunday in leaked documents which reveal offshore financial dealings.
At present, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, covers only resident Indians. The Finance Bill has expanded the definition of assessees to include NRIs.
After the August 10 deadline, South American conglomerate Synergy Group Corp reportedly evinced interest in the airline, forcing the RP to seek lenders' nod to extend the deadline to August 31. The Synergy Group owns a majority in Colombian carrier Avianca Holdings, which has a codeshare partnership with the state-run Air India.
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
A spokesman for Gibraltar's government also confirmed that police proceedings against four members of the crew had ended.
A random check of the database for India displays about 22 offshore entities, 1,046 officers or individual links, 42 intermediaries and as many as 828 addresses within the country ranging from the tony and posh locations of metropolitan cities like Delhi, Mumbai, Kolkata and Chennai to mofussil locations like that in Haryana's Sirsa, Bihar's Muzaffarpur and Madhya Pradesh's Mandasaur and state capital Bhopal.
It is important to clarify that availing of an exemption is neither evasion nor tax planning.
Promoters, who have a higher degree of accountability and public responsibility, should share more details about themselves.
The disclosure comes hours after Cameron admitted that he could have handled the tax row arising out of the Panama Papers leak "better", saying he will imminently publish details of his personal tax affairs.
Assam CM Tarun Gogoi accused PM Narendra Modi of not taking action against those involved in Panama scam, saying many of those involved in the case were "close to him".
Under pressure to come clean, David Cameron has finally admitted that he profited from shares in a Panama-based offshore firm set up by his late father but sold his stake months before he became Britain's prime minister in 2010.
An earlier tax fraud case against Messi is to be heard in a Barcelona court between May 31 and June 3 after the World Player of the Year and his father Jorge were accused by the tax office in 2013 of defrauding the Spanish state of 4.2 million euros ($4.5 million) from 2007-09.
The list includes Gautam Adani's brother Vinod Adani among others.
The Imran Khan government termed the leaked video "doctored" and demanded its forensic audit, saying that "it is an attack on the judiciary."
A few days back a news report mentioning that a cat in Crimea had adopted four orphaned baby squirrels turned viral and made netizens across the world go 'awww'. Following that we take a look at the surprising bonds between predator and prey -- animals forming the unlikeliest of friendships.
Despite it all, the participants, from across the American continent, show up as they vie for the medals and glory. Along the way, they give us some moments that are captured for posterity. Here are some eye-catching scenes from the Pan Am Games...
Panama goalkeeper Luis Mejia made three consecutive saves during a penalty shootout for his team to stun the United States 2-1 and secure third place at the CONCACAF Gold Cup on Saturday in Chester, Pennsylvania.
The United States recovered from a poor first half and earned a 1-1 draw against Panama on Monday that kept the Central Americans from clinching an automatic spot in the CONCACAF Gold Cup quarter-finals.
Congress Vice-president Rahul Gandhi on Friday attacked Prime Minister Narendra Modi, accusing him of making 'big promises' on bringing back black money and asked him to explain why he has not instituted a probe into the matter of the Chattisgarh chief minister's son's name featuring in the 'Panama Papers'.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
How does the country's civilian government reclaim legitimacy after the names of many Pakistanis, including the family members of PM Nawaz Sharif, figured in the leaked documents.
'Given the past record, no one will be prosecuted, especially since the beneficiaries comprise the most powerful people in the country. They will pay a fine and be let off.'
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
The funds officially held by Indians with banks in Switzerland now accounts for only 0.07 per cent of the total funds kept by all foreign clients in the Swiss banking system.
Undisclosed foreign assets and funds worth Rs 350 crore detected; these are separate entities from those featured in Panama Leaks and Paradise Papers
Lack of opportunities coupled with a desire to get rich quick in the West is fueling Punjab's human trafficking problem.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Senior Congress leader Jairam Ramesh also asked the RBI to make public details of FDI inflows from Cayman islands since demonetisation.
The ruling BJP stole a march on the Congress on Friday by releasing its first list of 177 candidates for the assembly polls.
News of all that's transpired on and off the football field.
Revolution is in the air at Real Madrid after their Champions League empire was razed to the ground with an astounding 4-1 loss at home to Ajax Amsterdam, with a huge clear out of players expected as well as a change of manager.
A round-up of Saturday's Euro 2020 qualifying matches.
Hurricane Michael unleashed a furious onslaught on Florida's Panhandle on Wednesday, the record-breaking cyclone tearing apart buildings and submerging houses in floodwaters before taking aim at Georgia and the Carolinas. Michael's 155mph winds at landfall were only 5mph short of category 5 status, making it the strongest storm to strike the United States since Hurricane Andrew ravaged southern Florida in 1992. Florida Governor Rick Scott warned of "unimaginable devastation", saying it would be the worst storm in 100 years.
Shahbaz was allegedly involved in the corruption of Rs14 billion Ashiana Housing project and Rs 4 billion Punjab Saaf Pani Company scams.
The 'Everyone Wins' luxury hamper includes expensive beauty services and travel packages.
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