Sunday, 8 December 2019

Panama scandal: Bachchan and family likely to be summoned

Bachchan and family

MUMBAI: The 2016 Panama Papers revelations which took away almost everything from Pakistan’s former Prime Minister Nawaz Sharif is said to be eyeing Bollywood’s megastar Amitabh Bachchan next. As per reports, Amitabh Bachchan and his family are likely to be summoned by the Enforcement Directorate (ED) in connection with the Panama Papers scandal.

ED has received replies from the Bachchans in connection of the notices which were issued to them earlier.

Commenting on the matter, the ED official said that they had issued notices to the Bachchan family a while ago asking them to explain their foreign remittances since 2004 under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI).

The officials also confirmed that ED has received their replies on the notices which were issued under the Foreign Exchange Management Act (FEMA). The official said, “The replies have been received. They could be soon summoned as part of the probe.”

In 2016, the Panama Papers revealed that how offshore firms are being used by the rich and the powerful of different countries to stash their wealth, with his name listed, Amitabh Bachchan is also being probed by the Income Tax Department (I-T). Sources also claimed that the tax officials are currently probing the Bollywood megastar’s offshore remittances.

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