On Monday, Kiran Mazumdar-Shaw said the ‘Pandora Papers’ had incorrectly implicated her husband’s offshore trust, describing it as “bonafide” and “legal.”
The executive chairperson of biotechnology major Biocon, Mazumdar-Shaw said in a tweet: “Media stories reporting on Pandora Papers wrongly implicate my husband’s offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds “the key” to the trust as alleged in these stories.”
On October 3, a worldwide media collaboration dubbed the “Pandora Papers” claimed to have unearthed financial secrets of current and former world leaders, lawmakers, and public officials in 91 nations and territories, including India.
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