My Name Has Been Misused: Amitabh Bachchan

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Mumbai: With revelations of many Indians figuring in the list of those who have offshore accounts surfacing, many have claimed that their investments were legal, while many have maintained silence. The Panama Papers leak involves a vast trove of documents detailing the offshore holdings of a dozen current and former world leaders, as well as businessmen, criminals, celebrities and sports stars.

In India, The Indian Express had reported that actors Amitabh Bachchan was also named in the Panama Papers as to having offshore accounts.

Here is what Mr.Bachchan had to say about the controversy:

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“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. “