Pandora Papers: Jackie Shroff, Tiger Shroff, Krishna Shroff Named Beneficiaries of New Zealand Trust with Secret Wealth in Swiss Banks | Hindi movie news
A massive leak of financial documents was published on Sunday by several major news agencies which allegedly linked prominent public figures, including world leaders, to secret reserves of wealth. According to an Indian Express report, the records of the Pandora Papers investigated reveal that Shroff made “substantial contributions” to the trust, which had a bank account in Switzerland.
The report states that Ayesha’s mother formed the Media Trust, registered with the 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. He also said the veteran actor had 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 of Shroff’s contribution, but they do show that he held a bank account at a private Swiss bank. The account was closed in 2013, however.
When Ayesha was allegedly questioned about it, she denied knowing about it. She also mentioned that her mother, who died ten years ago, was a Belgian citizen and not a resident of India.
Reports also indicated that the mentioned trust owned Millenstock Holdings Limited, an offshore company in the British Virgin Islands.
The dump of more than 11.9 million records, representing approximately 2.94 terabytes of data, came five years after the leak known as the “Panama Papers” that revealed how money was hidden by the rich in a way law enforcement could not detect.
Millions of leaked documents, dubbed the “Pandora Papers” by a global journalistic partnership on Sunday, claimed to have uncovered financial secrets from current and former world leaders, politicians and officials in 91 countries and territories, including India.