Investments in India through Mauritius have been on the wane, but the tax haven has seen a sizeable amount of funds getting routed through by entities operating or investing in India. The data released by the International Consortium of Investigative Journalists (ICIJ) on Tuesday showed that as many as 50 entities, or one-fourth of those disclosed in the Mauritius leaks, had India as their only country or one of the countries of activity.
After adjusting the data for defunct entities, the share marginally fell to 22 per cent of the total entities disclosed in the Mauritius leaks. Among individual companies, GMR Holdings, Apollo Hospitals, Jindal Steel & Power (Mauritius), Kolte-Patil Developers have been named in the disclosures for their links or transactions with some of these Mauritius-incorporated entities.
