Site icon THE NEW INDIAN

Aishwarya Rai Deposes Before ED In FEMA Probe On Offshore Firm A/Cs

Panama Papers: Aiswarya Rai Deposes Before ED

NEW DELHI: Bollywood actor Aishwarya Rai Bachchan on Monday deposed before the Enforcement Directorate (ED) in connection with the Panama Papers to record her statement for stashing money outside India.

According to ED officials, Bachan, who is the daughter-in-law of Bollywood superstar Amitabh Bachchan, arrived at the financial probe agency office at south Delhi’s Khan Market headquarters.

The official said that her statement will be recorded under the Foreign Exchange Management Act (FEMA).

The ED has registered a case in the beginning of 2017 after names of Bachchan and over 300 other rich personalities appeared on the Panama Papers.

It has been alleged that these personalities had floated shell companies or set up their offshore accounts in tax havens to avoid taxes in India. The leaked financial records of politicians, industrialists and celebrities worldwide were reviewed and published by the International Consortium of Investigative Journalists, which included names of over 300 Indians who were said to be part of the Panama Papers.

The official said that Bachchan was earlier summoned twice by the ED, but she had skipped citing more time.

This is for the first time that Bachchan has appeared before the ED in connection with the forex violations.

According to the ED sources, she has submitted the details of her foreign remittances to the financial probe agency for 15 years starting from 2004.

The ED allegations against Bachchan is that she had floated a company named Amic Partners Limited based in the British Virgin Islands in 2005.

Exit mobile version