Amitabh Bachchan States on His Name in Panama Papers Leak

After the biggest leak of Panama Papers, it features over 500 Indians. It includes also Bollywood megastar Amitabh Bachchan. There Amitabh Bachchan and Aishwarya Rai Bachchan are in spotlight after Panama Papers leak.

500 Indians’ Names in Panama Papers

Finally, megastar broke his silence about this case and said, “I do not know any of the companies referred to by Indian Express – Sea Bulk Shipping Company Ltd, Lady Shipping Ltd, Treasure Shipping Ltd, and Tramp Shipping Ltd. I have never been a director of any of the above stated companies. It is possible that my name has been misused. I have paid all my taxes including on monies spent by me overseas. Monies that I have remitted overseas have been in compliance with law, including remittances through LRS, after paying Indian taxes. In any event the news report in Indian Express does not even suggest any illegality on my part.”

Amitabh Bachchan
Amitabh Bachchan

The list includes Bollywood actors like Amitabh Bachchan, Aishwarya Rai Bachchan, DLF’s K P Singh, Gautam Adani’s elder brother Vinod Adani, Indiabulls promoter Sameer Gehlaut and members of the family who promote Apollo Tyres. Two politicians also figure on this list — Shishir Bajoria from West Bengal and former chief of Delhi Loksatta Party Anurag Kejriwal.

Known as Tax Haven, Panama based law firm, Mossack Fonseca’s around 11 million secret files are leaked before 3 days worldwide and it created World’s biggest leakage and controversy as the list contained World’s reputed leaders and celebrities’ names.

These records reveal a list of individuals who have paid the firm — and bought the benefits of the secretive, lax regulatory system in which it operates — to set up offshore entities in tax havens around the world

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