The Enforcement Directorate has summoned Bollywood actor Aishwarya Rai Bachchan for a case connected with the Panama Papers, according to media reports citing unnamed sources. The 28-year-old has been summoned over accusations of storing foreign assets.
According to reports from NDTV, Aishwarya Rai Bachchan has faced similar summons before from the Enforcement Directorate, however, the visit was deflected as she sought more time.
The Panama Paper leak is a document dump reportedly obtained German newspaper Suddeutsche Zeitung in 2016. About 1,100 people Indians have been connected to the case, including Bollywood A-list actors and top business personalities.
The alleged forex violations went under a probe by the Enforcement Directorate about four years ago, sending notices to the Bachchan family. These included appeals for explanations linked to their wealth at foreign institutions since 2004 under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India, according to reports from NDTV.
Here is why the Bachchan family is under the scanner:
-About four companies — three in the Bahamas and one in Virgin Island– made Bollywood actor Amitabh Bachchan the director in 1993, media reports suggest. The capital of these companies vary between $5,000 to $50,000.
-Aishwarya, who is Amitabh’s daughter-in-law, was also declared as a director of one of these companies. However, her name was later retracted, making her a shareholder of the organisation.
-The company, which only existed for nearly three years, also listed Aishwarya Rai Bachchan‘s parents and brother as partners, according to reports from Zee News.
Dubbed ‘Panama Papers’, an investigation of a stockpile of records from Panamanian legal firm Mossack Fonseca by the International Consortium of Investigative Journalists had named several world leaders and celebrities who had allegedly stashed away money abroad in offshore companies. Some of them are stated to be holding valid overseas accounts.