Ajit Doval’s sons run a web of companies including a Cayman Islands hedge fund even as father demands crackdown on tax havens

Vivek Doval, a chartered financial analyst who is a citizen of the UK and resides in Singapore, is the director of the hedge fund, named GNY Asia Fund. According to July 2018 document, Don W Ebanks and Mohamed Althaf Musliam Veetil are directors as well. Ebanks is named in the Paradise Papers—a leaked database of over 13 million documents regarding offshore entities—as the director of two firms, both registered in the Cayman Islands. He was formerly employed with the Cayman Islands government, and advised its finance secretary and cabinet ministers. Mohamed Althaf is a regional director for the Lulu Group International, which operates one of the fastest growing chains of hypermarkets in West Asia. The legal address of GNY Asia fund shows that it is under the care of Walkers Corporate Limited, a firm that finds a mention in the Paradise Papers as well as the Panama Papers, another leaked database that includes attorney-client information of millions of offshore entities.

Source: caravanmagazine.in

LEAVE A REPLY

Please enter your comment!
Please enter your name here