New Delhi: Sources in ED office confirmed that Bollywood superstars namely, Amitabh Bachchan, Aishwarya Rai Bachchan and Ajay Devgn would be among the names against whom summons would be issued shortly from the agency under Section 37 of Foreign Exchange Management Act (FEMA).
The ED has initiated investigations to probe the alleged contravention of Forex laws by the individuals and entities named in this list under the provisions of the FEMA.
Officials in the anti-money laundering agency said they had issued notices to the Bachchan family some time back asking them to explain their foreign remittances since 2004 under the Liberalized Remittance Scheme (LRS) of the RBI.
Amitabh Bachchan’s name had cropped in the Panama Papers case which is also being probed by the Income Tax Department.,The taxman is probing Bollywood megastar’s offshore remittances.
Dubbed as Panama Papers , an investigation of a stockpile of records from Panamanian legal firm Mossack Fonseca by the International Consortium of Investigative Journalist had named several world leaders and celebrities who had allegedly stashed away money abroad in offshore companies.