SHILLONG: The Thma U Rangli-Juki (TUR) has demanded that a probe be ordered into individuals named in the Panama Papers and the associated companies (both offshore and state based) should also come under investigations to examine the transactions they have entered into with the Meghalaya government over the years.
“Many of the individuals, their business partners, and their companies have been named repeatedly in several CAG reports for allegedly misusing subsidy, defaulting on electricity dues, illegal loan benefits, incomplete projects and others,” TUR pointed out.
In a statement issued on Monday, the TUR said that it suspects that what lies behind the so called ‘investments’ in companies based in offshore ‘tax havens’ are nothing but public money being diverted.
Hence, TUR demanded that all state support to entities and individuals associated in any way with people named and their associates should immediately be stopped and these individuals and all their companies and subsidiaries be blacklisted.
“The individuals named cannot hide behind vague legalese but have to come clean and make public the nature and sources of their ‘investments’ including the nature of business of the two offshore companies Azure Enterprises Global Inc. and Eternal Enterprises Inc, which incidentally date from the days when RBI had not expanded Liberalised Remittance Scheme to allow offshore investments.”
