Amitabh Bachchan responds to Panama Papers allegations

| Tuesday, April 5, 2016 - 19:03
First Published |
Amitabh Bachchan responds to Panama Papers allegations
Mumbai: Superstar Amitabh Bachchan, who was named in the Panama Papers list of over 500 Indians, finally responded to the allegations of setting up offshore entities in tax havens around the world on Tuesday.
The official statement from Sr Bachchan 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."
KP Singh, Iqbal Mirchi, Adani elder brother and Amitabh Bachchan’s daughter in-law Aishwarya Rai are a few of the others who were named in the Panama Papers on Monday. 
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