Published On: Mon, Apr 4th, 2016

Panama Papers: Amitabh, Aishwarya also among the rich who kept their cash offshore hidden



NEW DELHI: Following startling revelations about wealth of world leaders in leaked Panama Papers, Bollywood figures also could not hide their assets abroad with actors Amitabh Bachchan and Aishwarya Rai also have their names popping up in the list.

The Panama Papers document read, “Amitabh Bachchan was appointed director in at least four offshore shipping companies set up in 1993. Similarly, Aishwarya Rai and her family members were registered in 2005 as directors of Amic Partners Limited. Her status was later changed to share holder before the company was dissolved in 2008.”

World leaders including Prime Minister Nawaz Sharif, Russian President Vladimir Putin, Chinese President Xi Jinping, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Covering 40 years of emails, financial records and passport details, an investigation by more than 100 media groups shows how some of the world’s most powerful people have secreted away their money in offshore jurisdictions.

International Consortium of Investigative Journalists (ICIJ) stated that a team of over 370 reporters from 70 different countries had reviewed the leaked documents.

News Source ARYNews

About the Author

Syed Ammar Alavi

- is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology