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19 Nepalis listed in database of shell companies released by ICIJ

kathmandu, May 10, 2016: Nineteen Nepalis’ names have appeared in the Panama Papers database that the International Consortium of Investigative Journalists (ICIJ) published online on Monday night. For seven individuals, the data source was from Panama Papers while for the rest, the source was Offshore Leaks.

The ICIJ put the detailed data from the Panama Papers trove on more than 200,000 secret offshore companies.

The searchable database built on just a portion of the documents leaked from the Panama law firm Mossack Fonseca reveals more than 360,000 names of individuals and companies behind the anonymous shell firms, the international group of investigative journalists said.

They contain basic corporate information about companies, trusts and foundations set up in 21 jurisdictions including Hong Kong and the US state of Nevada.

The data was obtained from Panamanian law firm Mossack Fonseca, which said it was hacked.

The documents, first leaked in the first week of April, show the myriad ways in which the rich can exploit secretive offshore tax regimes.

Twelve national leaders are among 143 politicians, their families and close associates from around the world are known to have been using offshore tax havens.

Using offshore structures is not entirely illegal though.

  • Upendra Mahato
  • Nawang Dolma
  • Uma Devi Singhania
  • Arun Kumar Chaudhary
  • Survansh Kumar Chaudhary
  • Karan Kumar Chaudhary
  • Shila Chaudhary
  • Reenuka Pradhan
  • Rekha Kabra
  • Dr Shyam Bahadur Karmacharya
  • Shashi Kant Agarwal
  • Harish Kumar Todi
  • Bijesh Kumar Todi Agrawal
  • Prof Shatendra Kumar Gupta
  • Bimal Kazi Tamrakar
  • Bijendra Joshi
  • Binu Shrestha
  • Bishwa Barsingh Thapa
  • Rajendra Kumar Kabra