Kiran Mazumdar-Shaw says husband's offshore trust wrongly implicated

Kiran Mazumdar-Shaw on Monday said media reports on the 'Pandora Papers' leak have wrongly implicated her husband's offshore trust, and termed the organisation as "bonafide" and "legitimate". The industry veteran noted that both she and her husband are law abiding citizens. Anil Ambani, Vinod Adani, Jackie Shroff, Kiran Mazumdar-Shaw, Niira Radia, Sachin Tendulkar and Satish Sharma are among the many Indians who figure in the 'Pandora Papers' that have uncovered financial assets of leaders across the world. "Media stories reporting on Pandora Papers wrongly implicate my husband's offshore trust, which is a bonafide, legitimate trust and is managed by Independent Trustees. No Indian resident holds the key to the trust as alleged in these stories," Mazumdar-Shaw, the executive chairperson of biotechnology major Biocon, said in a tweet. Later, in a regulatory filing, she elaborated on the offshore trusts. "My husband, John Shaw is a UK national who from his foreign currency earnings

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