The Indian cricket legend figures in the Pandora Papers as Beneficial Owners of an offshore entity in the British Virgin Islands
Indian cricket legend Sachin Tendulkar is among the celebrities named in the Pandora Papers’ leak which claims to have exposed the offshore dealings of world leaders, politicians, celebrities, and billionaires.
The financial secrets of celebrities and well-known personalities including current and former world leaders have been reportedly uncovered by millions of leaked documents dubbed as the Pandora Papers.
A member of the Upper House of Parliament, Tendulkar along with members of his family, figures in the Pandora Papers as Beneficial Owners of an offshore entity in the British Virgin Islands (BVI) which was liquidated in 2016.
The Pandora Papers features around 600 journalists from media and the investigation is based on the leak of 11.9 million documents from 14 financial services. The International Consortium of Investigative Journalists (ICIJ) which features investigative journalists from BBC and The Guardian newspaper in the United Kingdom has mentioned several famous names and powerful world leaders in the investigation of Pandora Papers.
According to the ICIJ report, people linked by the secret documents to offshore assets include legendary cricketer Tendulkar, pop music icon Shakira, supermodel Claudia Schiffer, and an Italian mobster. Batting legend Tendulkar remained one of the highest-paid cricketers in his decorated career across all formats.
‘Tendulkar's investment is legitimate’
As per the ICIJ report, it has been learned that Tendulkar's attorney has claimed that the former cricketer's investment is legitimate. "Tendulkar's attorney said the cricket player's investment is legitimate and has been declared to tax authorities. Shakira's attorney said the singer declared her companies, which the attorney said do not provide tax advantages. Schiffer's representatives said the supermodel correctly pays her taxes in the UK, where she lives," the ICIJ noted