Amitabh Bachchan broke his silence on the Panama Papers leak, after a scandal erupted on Sunday when media groups began revealing the results of a year-long investigation into leaked confidential documents from Mossack Fonseca.
The paper, where Indian Express was the Indian partner, revealed that Amitabh was appointed director of four offshore shipping firms – one in the British Virgin Islands, 3 in the Bahamas. These were set up in 1993. The authorised capital of these companies was between 5,000 to 50,000 dollars but they traded in ships worth millions of dollars.
Below is Amitabh Bachchan’s press statement:
“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. 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.”