Paradise papers: RS MP Sinha seeks ‘privilege proceedings’ against daily

NEW DELHI: Rajya Sabha MP R K Sinha, whose name has figured in the leaked Paradise papers, has written to the chairman of the Upper House seeking “privilege proceedings” against the management of an English daily which published details about his alleged overseas assets.

In a letter to M Venkaiah Naidu, he asserted that neither he nor his firm — Security and Intelligence Services (SIS) — was involved in any tax evasion.

The MP from Bihar is founder chairman and majority share holder of SIS, which is into security and intelligence services. His name figured in the Paradise papers leak in connection with his firm’s alleged offshore links.

Sinha asserted that there is no illegality in his association with a Malta-based offshore company SIS Asia Pacific Holdings Limited (SAPHL).

He further said that he holds only one single share in SAPHL and that too on behalf of SIS as its nominee director.

“I wish to highlight that the Indian Government entered into a Double Taxation Avoidance Agreement (DTAA) with Malta in 1995. Therefore, Malta is a recognised tax jurisdiction and not an illegal tax haven,” he said in a letter to the vice president. (AGENCIES)