Panama Papers: 500 Indians, With a Dash of Bollywood Glamour

From FCPA Blog

A famous Bollywood actor. His daughter in law, a former Miss World. One of India’s top lawyers. Politically connected “industrialists.” For a country with 1.2 billion people, the 500 or so Indian nationals disclosed so far in the Panama Papers are hardly a blip, and few of the names a surprise.

The reason there are so few Indians may be fairly simple. While the rapidly growing and partially liberalized economy has created a significant amount of personal wealth, more than 43,000 Indian millionaires have left India in the past decade.

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