Home Independent Bulletin Paradise Papers: No transactions done for ‘personal purpose’, says Jayant Sinha

Paradise Papers: No transactions done for ‘personal purpose’, says Jayant Sinha

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“It is crucial to note that these transactions were done for D.Light as an Omidyar representative,” Mr. Sinha said

Union Minister Jayant Sinha’s name has cropped up in the leaked list of ‘Paradise Papers’ of companies having offshore entities globally even as he on Monday said the transactions were not done for any “personal purpose.”

Mr. Sinha had worked with Omidyar Network as Managing Director in India and Omidyar Network had invested in a U.S. company D.Light Design that has a subsidiary in Cayman Islands, according to a report based on the Paradise Papers investigation.