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Amitabh Bachchan finally breaks his silence on Panama tax evasion case

Amitabh Bachchan Breaks Silence On Panama Papers, Says His Name May Have Been Misused

Couple of days ago The Indian Express, which was one of the 100 media groups investigating a massive leak of 11.5 million documents from Mossack Fonseca, a Panama based law firm with offices in 35 countries, reported that Amitabh Bachchan was the appointed director of four shipping companies registered in offshore tax havens and set up 23 years ago.

However, the superstar has finally broken his silence and issued a statement clarifying his stance in the controversy. Big B’s official statement reads, “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.”

Hope this clears the matter once and for all.

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