Bollywood Hungama

Bollywood Entertainment at its best

Last Updated 24.02.2020 | 11:53 AM IST
  • LANGUAGE

  • FOLLOW US ON

  • FEEDBACK

IT Department sends fresh question to Amitabh Bachchan post Panama Papers denial

Earlier this month the industry was shocked when the names of leading world personalities including Amitabh Bachchan were revealed in the controversial Panama Papers. Now we hear that after Bachchan's statements denying his involvement with the offshore companies mentioned in the Panama Papers, the Income Tax Department has issued a fresh set of queries to the actor.


As per reports, the fresh set of queries sent to Amitabh Bachchan seeks further details of his financial transactions as mentioned in the reports by the International Consortium of Investigative Journalists (ICIJ) and relying on some "old information about the assessee" lying with the department. Further the department has asked the actor to reply to the new questionnaire within a week's time.


For the uninitiated, the Panama Papers revealed an unprecedented amount of information, including more than 11 million documents covering 2,10,000 companies in 21 offshore jurisdictions. Each transaction spans different jurisdictions and may involve multiple entities and individuals. As per the leaked documents, Bachchan was named as a board member for Sea Bulk Shipping Company Ltd, Lady Shipping Ltd, Treasure Shipping Ltd, and Tramp Shipping Ltd.


However, in his statements Amitabh Bachchan denied the same saying that his name had probably been misused and that he has never been a director of any of the above stated companies. Further Bachchan had stated that he had paid all taxes including on money spent by him in overseas.

Rate this article
Make favorite

Recommended for you

Copyright © 2020 Hungama Digital Media Entertainment Pvt. Ltd. All Rights Reserved.

Forgot Password

Please provide your registered email address or username
  • OR

Write A Review

  • Click to rate on scale of 1-5
  • 5000 characters remaining

New notification