October 21, 2021

The World Live Breaking News Coverage & Updates IN ENGLISH

The World Live Breaking News Coverage & Updates IN ENGLISH

Jackie-Tiger have Swiss Bank accounts?

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Jackie-Tiger have Swiss Bank accounts?
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Jackie-Tiger have Swiss Bank accounts?
Jackie-Tiger have Swiss Bank accounts?

Bollywood actor Jackie Shroff has reportedly been named as the ‘prime beneficiary’ of a trust that was set up by wife, Ayesha Shroff‘s mother, Claudia Dutt in New Zealand.
A massive leak of financial documents was published by several major news organizations on Sunday that allegedly tie top public personalities including world leaders to secret wealth reserves. According to a report on Indian Express, records in the Pandora Papers investigated reveal that Shroff made “substantial contributions” to the trust, which had a Swiss bank account.
The report states that Ayesha’s mother formed the Media Trust, registered with London Fiduciary Trust Company Limited (LFTC) in New Zealand on November 29, 2005. Eight years later, the trust was reportedly terminated.

According to the memorandum, Jackie and Ayesha’s two children – Jai Shroff (Tiger Shroff) and Krishna Shroff were the other beneficiaries. It also stated that the veteran actor made “substantial contributions to the Trust” and wished to be “considered the primary beneficiary during his lifetime and his needs should be paramount”.

The records, however, do not mention the amount Shroff contributed, but they do show that it held a bank account at a private Swiss bank. The account was, however, closed in 2013.

When Ayesha was reportedly quizzed about the same, she denied having any knowledge of the same. She also mentioned that her mother, who passed away a decade ago, was a Belgian citizen and not a resident of India.

The reports also stated that the mentioned trust owned Millenstock Holdings Limited, an offshore firm in the British Virgin Islands.
The dump of more than 11.9 million records, amounting to about 2.94 terabytes of data, came five years after the leak known as the ‘Panama Papers’ exposed how money was hidden by the wealthy in ways that law enforcement agencies could not detect.

Millions of leaked documents dubbed as the ‘Pandora Papers’ by a worldwide journalistic partnership on Sunday claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories, including India.

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