22/09/2016 11:44 AM IST | Updated 22/09/2016 2:39 PM IST

Bahamas Leaks Contain 475 India Files On Corporate Officials With Offshore Tax Links: Report

The Bahamas is often referred to as “The Switzerland of the West.”

Walter Bibikow

Five months after the Panama Papers leak, another trove containing 1.3 million files on offshore tax links to the island nation of the Bahamas, has revealed incorporation details on 175,000 firms, including 475 files that name corporate personalities from India, reported The Indian Express.

The Bahamas is a well-known tax haven and often referred to as the "Switzerland of the West."

In an analysis by The Indian Express, the corporate personalities range across sectors including mining, electronics, real estate, media and entertainment. Some of them had also appeared in the Panama Papers leak from earlier this year, according to the report.

The latest leak includes Anil Agarwal of the Vedanta Group; Kabir Mulchandani of the former Baron Group, Rajan Madhu of Fashion TV India; Aman Gupta, chairman and CEO of Veen Waters, said the Indian Express report. It added there were two sets of overlapping data, indicating "hidden layers" of offshore secrecy. The named parties couldn't immediately be reached for comment. Some responses on the leaks can be found here.

The Bahama leaks' database, received by German newspaper Süddeutsche Zeitung, has been shared with the public by the International Consortium of Investigative Journalists (ICIJ) and select media outlets across the globe.

The ICIJ has made the leaks available in a publicly-searchable database of offshore companies that have been set up in the Bahamas. See the database here.