Amitabh Bachchan DENIES Tax Fraud
Big B clears the air
Earlier this week, Amitabh Bachchan and daughter-in-law Aishwarya Rai Bachchan found themselves in a shocking controversy when the Panama Papers leak mentioned their names in a tax evasion scam.
According to reports, the leak revealed that Amitabh and Aishwarya were involved in offshore dealings before the RBI altered the foreign investment regulations in India.
Now Sr. Bachchan has issued an official statement stating, “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.”
We wonder if Ash will follow her father-in-law’s footsteps and give out her statement soon!