IT dept sends fresh questions to Amitabh Bachchan on Panama Papers

The actor has been asked to reply to the new questionnaire within a week's time, sources said. Earlier, Bachchan had made a public statement saying his name had probably been misused.

By: PTI | New Delhi | Updated: April 25, 2016 10:37 pm
amitabh bachhan, panama papers, bachhan, #panamapapers, amitabh panama, bacchan panama accounts, amitach panama accounts, Bachchan questioned again, It Department, IT dept questions Amitabh Bachchan, india news A Multi Agency Group (MAG) of various investigative agencies has been formed by the government to go into the disclosures made in the list which includes about 500 Indian entities.

Income Tax department has sent a fresh set of queries to megastar Amitabh Bachchan after his recent denial of having any connection with the offshore companies mentioned in the ‘Panama Papers’.

Sources said the department has sent a new set of questions to Bachchan seeking further details of his financial transactions as mentioned in the reports by the International Consortium of Investigative Journalists (ICIJ) and relying on some “old information about the assessee” lying with the department.

Also Read | Panama Papers: Records show Amitabh Bachchan joined board meetings via phone

They said, the actor, in his recent reply to the IT department, had categorically “denied” having any connection with or stake in the four alleged offshore firms as claimed in the leaked documents of the Panamanian firm Mossack Fonseca.

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The actor has been asked to reply to the new questionnaire within a week’s time, they said.

Earlier, Bachchan had made a public statement saying his name had probably been misused.

Also Read: Amitabh Bachchan denies links with offshore companies, says name misused on Panama Papers

“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.

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Video: What Do The Panama Papers Reveal

“I have paid all my taxes including on money spent by me overseas. Money that I have remitted overseas have been in compliance with law, including remittances through Liberalised Remittance Scheme (LRS), after paying Indian taxes. In any event the news report in Indian Express does not even suggest any illegality on my part,” he had said in a statement.

A Multi Agency Group (MAG) of various investigative agencies has been formed by the government to go into the disclosures made in the list which includes about 500 Indian entities.

The ‘Panama Papers’ leaks contain an unprecedented amount of information, including more than 11 million documents covering 2,10,000 companies in 21 offshore jurisdictions. Each transaction spans different jurisdictions and may involve multiple entities and individuals.

The ICIJ, while releasing the names early this month, had added a disclaimer that there are also “legitimate uses for offshore companies”.

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    Abhimanue
    May 11, 2016 at 7:59 pm
    How and why a person opens a company and then transfers hundreds crores of rupees for years on Amithab name ? It it was me I would only open with may be 2 Crores for only one year and reveal to newspaper to get him I to trouble rather store money for several years ...And what is profit for me to do that .... . .? Clearly financial loss.
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      IML sood
      Apr 25, 2016 at 5:59 pm
      Where is harm,why some stooges want different rules for defaulters if they are?How Kujli is honest and how it is that what he says is gospel truth?These bonded slaves are always ready to write irrelavent or baseless comments because their interest lie not in smooth functioning of the established law but in unrest and confusition case he is innocent let him say why these maroons are restless before hand, perhaps nightmare of PM!
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        Aditi
        Apr 27, 2016 at 6:03 pm
        see here is the leaked phone call between Amitabh and Panama person
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          ASingh
          Apr 26, 2016 at 1:03 am
          Indian IT dept should confiscate all money in his Panama related account because Bachchan is admiting it is not his money. Next, it is not hard to prove that Bachchan is the owner of the money. After proviing that money indeed does belong to Bachchan, just put him behind the bars. The same rule applies to his daughter in law (Aishwara), who also says it is not her money. Well, friends you know that the rules are different for "The Rich and Powerful". The final outcome will be just a hogwash.
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            avi
            Apr 25, 2016 at 10:33 pm
            Lock him up ! Investigate his tax evasions right from the start with Amitabh Bachan Corpn/Bofors from 1980's and other land grab issues all over India. Such hippocratic self serving Kleptomaniacs should be exposed and dumped. Take away all his "Awards" to set an example.
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