Pandora papers: Biocon's Kiran Mazumdar-Shaw says husband's offshore trust 'bonafide and legitimate'

Kiran Mazumdar-Shaw, Executive Chairperson of biotechnology major Biocon Limited on Monday came out in defence of her husband John McCallum Marshall Shaw who has been named in Pandora papers. She said that her husband's offshore trust was 'bonafide and legitimate' and accused media of 'wrongly' implicating it.

"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," Mazumdar-Shaw tweeted.

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Mazumdar-Shaw's name finds a mention in Pandora papers along with more than 300 Indians including ADAG chief Anil Ambani, legendary cricketer Sachin Tendulkar, Bollywood actor Jackie Shroff and other.

Also Read | Pandora Papers: Why is Sachin Tendulkar's name mentioned in report that reveals financial secrets?

Millions of leaked documents dubbed as the 'Pandora Papers' by a worldwide journalistic partnership on Sunday claimed to have uncovered financial secrets of current and former world leaders, politicians and public officials in 91 countries and territories.

Also Read | Pandora Papers: Largest leak of offshore data in history explained

The International Consortium of Investigative Journalists (ICIJ), which involved the BBC and 'The Guardian' newspaper in the UK and 'The Indian Express' in India among 150 media outlets in its investigation, claims it obtained the trove of more than 11.9 million confidential files to find secret financial dealings of many super-rich.

(With inputs from agencies)