Panama Papers scam: Aishwarya Rai Bachchan gets mobbed as she leaves ED office after 6 hours

The ED issued notices to the Bachchan family asking them to explain their foreign remittances since 2004 under the Reserve Bank of India's (RBI) Liberalised Remittance Scheme (LRS). Some documents were submitted by the Bachchans to the agency then. Some other instances of alleged irregularities linked to the family are also under the scanner of the federal probe agency, IANS sources said. Here, Aishwarya Rai Bachchan is seen getting mobbed while leaving ED office, after being grilled for nearly six hours. (Photo: Viral Bhayani)  

Amitabh Bachchan has been made the director of 4 companies, 3 in Bahamas and 1 in Virgin Islands. These companies were made in 1993. The capital of these companies are in between USD 5,000 to 50,000, said IANS report.

As per IANS, Amitabh Bachchan was accused of incorporating four shell companies in May 2005. These were incorporated at British Virgin Islands. Abhishek Bachchan and Aishwarya Rai were directors of the separate firms. Later Aishwarya Rai was made shareholder of a company. Her parents and brother were also declared partners in the company. This company was made in 2005 and dissolved in 2008.

It had around 500 Indian names including Amitabh Bachchan, Aishwarya Rai, Ajay Devgun, Vijay Mallya, Harish Salve. Most wanted underworld don Iqbal Mirchi's name was also mentioned in the papers.

Panama Papers exposed alleged illegal properties worth around Rs 20,078 crore of 500 Indians who were named in the scam. In 2016 it came to light and the authorities came to know about the tax evasion by the accused and their alleged illegal properties. Panama Papers shared the details of those who formed small shell companies to evade huge taxes. Now the matter is being probed by a Special Investigation Team.