Paradise Papers: Kundra family trust silent on source of money invested in India via Bahamas-Mauritius

Ripu Sudan Kundra alias Raj Kundra and his parents used a layered offshore trust-company structure to channel EUR 2 million to pick up direct and indirect interests in two companies each in India and UK

Written by Jay Mazoomdaar | New Delhi | Updated: November 12, 2017 7:04 am

Paradise Papers, Raj Kundra, Paradise Papers Raj Kundra, International Consortium of Investigative Journalists

Ripu Sudan Kundra alias Raj Kundra

British citizens Ripu Sudan Kundra alias Raj Kundra and his parents used a layered offshore trust-company structure to channel EUR 2 million to pick up direct and indirect interests in two companies each in India and the UK in 2009, according to records maintained by Bermuda law firm Appleby.