Sanchita
Aishwarya Rai Bachchan recently hit the headlines, after being summoned by the Enforcement Directorate.
She recorded her statement in the foreign exchange violation allegations related to the Panama papers leak case.
Panama Papers Case?
For the unversed, in April 2016 – ‘Panama Papers’ were published exposing 11.5 million encrypted confidential documents which showed the financial details of over 214,488 offshore entities. The case revolved around allegations of how the world’s rich and mighty set up offshore accounts and shell companies to avoid taxes!
As per NDTV report – the Bachchan family’s name had cropped up in the case in 2017, and ED officials had sent them notices asking to explain their foreign remittances since 2004 under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India.
According to ED sources, in 2004, an offshore company called Amic Partners, was established in the British Virgin Island with Aishwarya Rai as director. However, she had quit the company in 2009, and it was later acquired by Dubai-based BKR Adonis.
Today, Aishwarya was questioned over allegations of stashing wealth abroad. The actress has also submitted records of foreign payments that were received in the past 15 years.
