Published On: Wed, Apr 6th, 2016

Big B has spoken up on the Panama Papers

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The Big B of Bollywood whose name is also included in the Panama Papers, which are being portrayed as the major disclose in the history, characterizing more than 500 Indians connected to offshore firms, accounted an Indian newspaper, whose research group was segment of the eight-month extensive examination forefront by the International Consortium of Investigative Journalists (ICIJ).

A lot of people have asserted that their assets were legal, whereas others have kept silence. But not Big B. Amitabh Bachchan’s name remained in media in these days after revealing the list which asserts that there is a chance that his name was misused.

The leaked documents have asserted that the Bollywood veteran was chosen director of as a minimum four shipping companies registered in offshore tax havens put up 23 years in the past.

The Shehnsha of Bollywood stated that “I do not know any of the companies referred to by The 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.”

He further continued by saying that “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.”

The Indian newspaper also asserted that Aishwarya Rai and her family were selected as directors of a company included in the British Virgin Islands in 2005, which was revealed in 2008.

A media guru to Ms Rai has said the newspaper that “all details that you have is fully untrue and false.”

 

About the Author

Sidra Muntaha

- Sidra Tul Muntaha is a journalist (MA-Mass Communication and M.Phil in Mass Communication) based in Lahore. She is working as an editor at fashion, style and entertainment in the section of the Kooza. She writes fashion and entertainment articles for The Kooza News.