the Bachchan family submitted documents.
Aishwarya Rai Bachchan was summoned and questioned by the Enforcement Directorate (ED) over the Panama Papers leak case.
The investigation agency recorded the actress’ statement following allegations that she placed her money into a company based in the British Virgin Islands.
Aishwarya was summoned previously but on two occasions, she sought more time.
When she appeared before the agency, Aishwarya also submitted documents.
The ED has been investigating the case linked to the Bachchans since 2017.
It had issued notices to the family, asking them to explain their foreign remittances since 2004 under the Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS) and regulated under the FEMA.
At the time, the Bachchan family submitted documents.
Aishwarya was allegedly the director of an offshore company, Amic Partners, set up in the British Virgin Islands in 2004.
The company had an authorised capital of $50,000.
It was reported that the company was dissolved in 2008.
According to reports, her husband Abhishek Bachchan had previously been summoned by the ED in a separate instance linked to the offshore leaks case.
The Panama Papers case is an investigation spanning millions of documents stolen from legal firm Mossack Fonseca and leaked to the media in 2016.
The case relates to allegations that several of the world’s richest people stashed away money in offshore accounts or shell companies to avoid paying tax.
Leaked financial records of politicians, industrialists and celebrities worldwide were reviewed and published by the International Consortium of Investigative Journalists.
It is believed that over 300 Indians have been named in the Panama Papers.
The government had created a multi-agency group (MAG) of central investigative agencies under the chairman of the Central Board of Direct Taxes (CBDT) that also comprised officials from the ED, RBI and the Financial Intelligence Unit (FIU) to monitor the probe into the Panama Papers and similar global tax leaks cases.
As of October 1, 2021, it said that “total undisclosed credits of Rs. 20,353 Crore (£2 billion)” had been detected in relation to 930 India-linked entities in the Panama and Paradise Paper leaks.
On the work front, Aishwarya Rai Bachchan is set to make her return to acting in Mani Ratnam’s Ponniyin Selvan.
The actress will reportedly play a double role in the film, which is based on Kalki Krishnamurthy’s 1955 novel of the same name.
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