Paradise Papers: I P Khaitan managed Ruia family trusts, says report

Appleby data show that Khaitan managed two offshore family trusts of his brothers-in-law Sashi and Ravi Ruia of the Essar Group

From Vijay Mallya to Amitabh Bachchan, the Paradise Papers data leak allegedly reveals offshore dealings of 714 Indian individuals and entities. In fact, India ranks 19th in terms of the number of names mentioned in the leaked documents, and one of them is Ishwari Prasad Khaitan, promoter of Loop Telecom. 

Records from Bermuda's Appleby, one of the two firms from where the leaked data originated, show that Khaitan managed two offshore family trusts of his brothers-in-law Sashi and Ravi Ruia of the Essar Group, the Indian Express reported on Wednesday. According to the report, an investigation of the data revealed