Pandora Papers: Madnani listed as beneficial owner of a BVI company
Documented — no allegation attachedThe ICIJ Offshore Leaks Database records Narenderkumar Dharamveer Manoj Madnani as the ultimate beneficial owner of Flintree Holdings Limited, a British Virgin Islands company incorporated in 2010. Holding an offshore company is lawful and the ICIJ says so explicitly.
- Jurisdictions
- British Virgin Islands
- Entities
- Flintree Holdings Limited
- Categories
- Offshore Corporate structure
The record
Established
- The ICIJ Offshore Leaks Database lists FLINTREE HOLDINGS LIMITED, registered in the British Virgin Islands, incorporated 4 April 2010, status 'Continuation Out'.
- The database records NARENDERKUMAR DHARAMVEER MANOJ MADNANI as the entity's ultimate beneficial owner.
- The record derives from the Pandora Papers, from the files of the Panamanian firm Alemán, Cordero, Galindo & Lee (Alcogal). Provider data is current through 2018.
- The registered address on file is 3rd Floor, Yamraj Building, Market Square, P.O. Box 3175, Road Town, Tortola, British Virgin Islands.
Unresolved
- The purpose and activity of Flintree Holdings Limited. The database records ownership and registration, not operations.
- What 'Continuation Out' means for this entity in practice — the status indicates the company was continued out of the BVI to another jurisdiction, which is not identified in the record.
The record
The International Consortium of Investigative Journalists maintains a public database of more than 810,000 offshore entities drawn from the Pandora Papers, Paradise Papers, Bahamas Leaks, Panama Papers and Offshore Leaks investigations.
One node in that database is Flintree Holdings Limited, a British Virgin Islands company incorporated on 4 April 2010, with a registered address at the Yamraj Building on Market Square in Road Town, Tortola. Its status is recorded as “Continuation Out”.
The database lists one officer: Narenderkumar Dharamveer Manoj Madnani, in the role of ultimate beneficial owner. The record comes from the Pandora Papers, specifically from the files of Alemán, Cordero, Galindo & Lee — the Panamanian firm known as Alcogal. The provider data is current through 2018.
The caveat the ICIJ itself insists on
The ICIJ states plainly that there are legitimate uses for offshore companies and trusts, and that inclusion in the database is not evidence of wrongdoing by any person or entity named in it. This archive adopts that position without qualification.
Holding a British Virgin Islands company is lawful. What the record establishes is a structure, its jurisdiction, its date of incorporation and its beneficial owner. It establishes nothing else, and this page asserts nothing else.
Why it is nonetheless on the file
Because it is the only entry in the public record that names Madnani in his full legal form — Narenderkumar Dharamveer Manoj Madnani — and ties that name to a corporate structure. For anyone mapping his holdings, it is the anchor point between the name he uses in business and the name on the register.
Chronology
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Flintree Holdings Limited is incorporated in the British Virgin Islands.ICIJ Offshore Leaks Database
Sources
- FLINTREE HOLDINGS LIMITED — ICIJ Offshore Leaks DatabaseInternational Consortium of Investigative JournalistsPrimary source. Pandora Papers, Alcogal provider data.