Heritage Director Varaprasad admits to firms abroad

Heritage Foods director Motaparti Sivarama Varaprasad has admitted that that he is running companies abroad, including British Virgin islands. He said he was an NRI and had been living abroad for the past 3 decades. Regarding the Panama Papers leaks, Varaprasad said he had no idea about the leaks, If there was anything worth knowing, his lawyers team would look into the issue. He claimed all his businesses were above board. Panama Papers leaks said that he had interests in at least three foreign companies, and that monies were routed through those companies.