MUMBAI: Bollywood actor Amitabh Bachchan and his daughter-in-law Aishwarya Rai Bachchan were summoned by India’s Enforcement Directorate (ED) in connection with the Panama Papers case.
The two celebrities were asked to submit some documents by ED in the Panama Papers case. The actors submitted the documents on Tuesday through their representatives, according to Indian media reports.
A chain of media outlets had leaked more than 11 million documents of Mossack Fonseca (MF), a Panama based law firm, which revealed a global network of offshore companies helping the wealthy hide their assets.
Many Indian industrialists and celebrities, including actors Amitabh Bachchan and Aishwarya Rai, DLF owner K.P. Singh and Vinod Adani (Gautam Adani’s elder brother), were named in the leaked documents.
The leaked documents had revealed that Aishwarya Rai and her family members were allegedly part of a company incorporated in the British Virgin Islands, a tax haven, for at least three years.
The company shortened Aishwarya Rai’s name to A Rai for reasons of confidentiality. The company also changed Aishwarya’s statues in the firm; from director to a shareholder, the probe reportedly found.
The investigation also claimed that Amitabh Bachchan was appointed the director in at least four offshore shipping companies. Those companies were registered in tax havens — one in the British Virgin Islands and three in the Bahamas in November 1993.
In the past Bachchan has denied involvement in the case.
He said that he did not know of Sea Bulk Shipping Company Ltd, Lady Shipping Ltd, Treasure Shipping Ltd, and Tramp Shipping Ltd — the companies in question — and that he was not the chairman of either of them.
He claimed that his name was being misused and that he had paid all his taxes, including on the money spent by him overseas. He added that the money he had remitted overseas had been in compliance with the law. – Samaa
Story first published: 29th September 2017