Lobbyist Niira Radia's name has cropped up in the Panama Papers, the 1.15 crore leaked documents from the Panamanian law firm Mossack Fonseca.
Lobbyist Niira Radia's name has cropped up in the Panama Papers, the 1.15 crore leaked documents from the Panamanian law firm Mossack Fonseca.
Infamous for the Radia tapes, the recordings of her conversations with politicians, industrialists, businessmen, journalists, that were made public in 2010, thorough investigation into the Panama Papers show that Radia had one company set up by Mossack Fonseca in the British Virgin Islands, The Indian Express has reported.
The Indian Express is the only Indian newspaper partaking in the now eight-month-long investigation of the leaked documents that were distributed by the International Consortium of Investigative Journalists (ICIJ) to its 100 member media organisations.
Crownmart International Group Limited, with Radia listed as the director, was registered in 1994 and documents show that Radia had signed the resolutions for the company until June 2004. The company was struck off in 2009.
The Indian Express says that the leaked documents have 232 documents pertaining to the company.
Radia had a company by the same name in London -- Crownmart International (India) Pvt Ltd, which has been listed as "general business".
Both Radia and her father, Iqbal Narain Menon have been shown as British citizens. Radia's three sons -- Akshay, Karan and Akash -- have been named beneficiaries of the firm.
The company was set up in 1992, and it filed for bankruptcy in 1995. The company had liabilities worth 1,00,000 pounds.
In 1997, the company's authorised capital went up from 50,000 shares to 1,50,000 shares with 1,49,998 held by Radia at $1 per share.
Responding to queries from the daily, Radia's office said that Crownmart International Group Limited was "owned and operated" by her father and since she was not a beneficiary, she was not the right person to comment on the queries. The office also said that phone conversations referred to stand at about 20 years ago and Radia didn't recollect any such conversation.
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 "Panama Papers: Niira Radia's offshore company crops up in leaked documents")
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