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IANS
08 April, 2016, 09:19
Update: 08 April, 2016, 10:49
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Panama Papers leak exposes names of Saif ,Kareena

IANS
08 April, 2016, 09:19
Update: 08 April, 2016, 10:49
Photo: AFP

New Delhi: A consortium that unsuccessfully bid for an Indian Premier League franchise—which included actors Saif Ali Khan, Kareena Kapoor and Karisma Kapoor, industrialist Venugupal Dhoot’s firms and Pune-based realtors Chordia family—had investments by an offshore company.

Stating this in its latest ‘Panama Papers’ expose, The Indian Express on Thursday reported that 10 members had entered into a pact to form P-Vision Sports to bid for IPL Pune franchise, in which 15 per cent was earmarked for the offshore firm, Obdurate Ltd in British Virgin Islands.

It was shut after failing to win the bid, the newspaper said.

In the sports consortium, the largest stake of 33 per cent was held by the Chordia family, 4.5 per cent each by Kareena and Karisma, 9 per cent each by Saif and Mumbai resident Manoj S. Jain and 25 per cent by Dhoot through two group companies. Obdurate was earmarked 15 per cent.

Dhoot said he was concerned only with the 25 per cent in P-Vision sports and did not know of Obdurate, while Atul Chordia said his group always owned 100 per cent of the sports company and that the offshore entity never held any share in it.

As regards others, the newspaper said, Kareena Kapoor’s office informed she was not in town, Jain was not available for comment and Saif did not respond to messages and e-mails.

Among others named in the expose on Thursday included a Delhi-based tyre dealer, a boutique owner, the daughter of an Australian mining billionaire, a textiles exporter, an engineering company owner, metals firm’s directors and a chartered accountant.

 

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