Bollywood megastar Amitabh Bachchan has reacted for the first time to his name being in the list of those mentioned in what’s come to be known as Panama papers’ leak.
As reported by Indian Express on Monday, as many as 500 Indians including politicians, businessmen, lawyers and film stars had either opened offshore business entities our bought stakes in companies abroad.
Reacting to the revelation that the list also included his and his daughter-in-law, Aishwarya Rai Bachchan’s names, Amitabh said that the monies ‘remitted overseas’ by him were in accordance with law.
Here is his full statement.
“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. 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. “