IPL 2020

India Cricket

IPL 2020

India Cricket


could ban intervened

The IPL has been linked to the Pandora Papers, millions of leaked papers from corporate entities worldwide that set up offshore corporations and trusts for tax cheating. The franchises Rajasthan Royals and Punjab Kings have been targeted.

Gaurav Burman of the Dabur family, the husband of Lalit Modi's step-daughter, "routed monies from a British Virgin Island organization to a Mauritian company," which also happens to be a holding company of KPH Dream Cricket Private Ltd. (owner of Punjab Kings).

Suresh Chellaram and the husband of Lalit Modi's sister-in-law, directed "funds through a British Virgin Island entity that enjoys a 44.15 per cent stake in Mauritian company" in the name of EM Sporting Holding, which also includes journalists from the BBC and The Guardian (owners of Rajasthan Royals).

The great cricketer Sachin Tendulkar was an owner of an offshore business in the British Virgin Islands, which was liquidated in 2016. This is not the first revelation in the Pandora Paper dispute involving anyone from the Indian cricket circuit.

Tendulkar's legal representative has asserted that his investment is legitimate. Tendulkar's lawyer stated that the cricketer's investment was legal and reported to the tax authorities. Shakira's lawyer claims that the singer declared her businesses, which he claims do not provide tax benefits. Schiffer's representatives claim that the supermodel pays her taxes correctly in the United Kingdom, where she lives.

The investigation of the Pandora Papers is still ongoing. Still, it demonstrates how the wealthy and elite have created intricate arrangements in tax havens to avoid paying their fair share of taxes. Ukraine, Kenya, Ecuador presidents and former British Prime Minister Tony Blair, the Czech Prime Minister, King Abdullah II of Jordan, pop sensation Shakira, and Indian billionaire Anil Ambani have all been named.

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