��FOLLOWING THE MONEY, �CONNECTING THE DOTS��By Ritu Sarin��

�Money trails can be as complicated… 2G scam…�Story by Jay Mazoomdaar�

CONNECTING MORE DOTS…

HOW A POLITICAL CASE SETTLED

HOW A POLITICAL CASE SETTLED

-This is not a cross border story but illustrative since it connects confidential information; public records and also uses the RTI route.��-This shows how Sahara got settlement within three months, instead of the average 15 months��-The penalty was reduced from Rs 2700 crores to just Rs 137 crores.��-In RTI reply, the Department admitted this was the fastest disposal in five years.��-RoC records show that Sahara's claim to expenses is 100 times more than that shown in RoC records.�

OFFSHORE PROPERTY DEALS OF DAWOOD IBRAHIM AIDE

• Panama Papers reveal a link among 17 offshore investments made by Iqbal Mirchi, specially "Country Properties.“
• Mirchi was arrested by Scotland Yard in 2013 , died in London in 2013. His family received notices for having offshore entities.
• Documents list the address of Mirchi’s son in Mumbai, details of setting up Dates Foundation, so that BVI entities will own the properties.

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-Panama Papers-2 show: Mirchi's family tried to rejig holdings after leak.�-Country Properties figured in the list of companies owned by Indians which BVI Financial Intelligence Agency sent to Mossack Fonseca a month after.�

GMR’S OFFSHORE NETWORK �-Story by Sandeep Singh

• GMR, leading infrastructure player in India, used a web of 28 offshore companies to help it avoid tax, convert intra-company loans and to change the nature of funds (debt to equity and vice-versa)

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GMR’S OFFSHORE NETWORK �DRIVES EXPANSION…..

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• GMR issues instructions to Appleby to pass dummy entries into four companies across three jurisdictions.
• There are details of a purchase of a Falcon aircraft and evades VAT.

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-Thanks

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-Ritu Sarin

Executive Editor

The Indian Express, India.

ritu.sarin@expressindia.com Ph: +91 9810240011