Pandora Papers: 'Kunal Kashyap has no influence over Biocon-linked trust'

According to a company statement, the Deanstone Trust, which was mentioned as part of a leak of offshore tax haven files called the 'Pandora Papers,' was set up for philanthropic endeavours

Kunal Kashyap, named as part of a global investigation of offshore entities, has no influence over the trust linked to biopharmaceutical company Biocon, according to a company statement.

The statement said that the Deanstone Trust, which was mentioned as part of a leak of offshore tax haven files called the ‘Pandora Papers,’ was set up for philanthropic endeavours. Additionally, it was part of the estate planning for company’s executive chairperson Kiran Mazumdar-Shaw, and her United Kingdom national husband John Shaw. John Shaw set up Glentec International which established the trust, according to an exchange disclosure from the company.  

“Kunal Kashyap