Bengaluru: Cabinet Minister for Horticulture and Agro Marketing, Shamanur Shivashankarappa’s son in law Rajendra Patil is one of the 500 names revealed in the Panama papers.

Patil is a businessman and educationist who own medical and engineering colleges in Davangere.

According to sources, Patil runs a sugar export company and is also involved with energy, aviation, textile, education and Internet firms run by the Shivashankarappa family. According to MF records, Patil and two associates, Sanjay Nadgouda and Shashank Angadi, set up an offshore firm called Elgenburg Ltd in the British Virgin Islands in 2007 with an initial shareholding of 50,000 shares with Patil holding 22,500 of them.

The records show a commercial complex owned by the Shivashankarappa family in Bengaluru as Patil’s address in India.

When the media spoke to Patil he said that the company was created in 2007 as a buyer for issuing letters of credit in Europe.

“We were trading in agricultural commodities. We did one deal but suffered losses of Rs 1 crore so we shut it down the same year,” he said.