Appleby raised concerns on Jindal firm loan: Paradise Papers
Law firm Appleby had raised concerns when two offshore firms owned by Jindal Stainless Group were getting a â¹226-crore loan, Paradise Papers revealed. Appleby officials warned this could be a case of round-tripping as the investment firm and beneficial owner were both Indians. Round-tripping is the practice of routing money through offshore entities into the same company, potentially avoiding tax.