ED had summoned Aishwarya Rai Bachchan in connection with the Panama Papers leak case. The agency was required to record the statement of the 48-year-old actress in the case over allegations of stashing wealth abroad under the Foreign Exchange Management Act, 1999.
According to IndiaToday, during the interrogation, Aishwarya was asked these questions by the agency:
Amic Partners was a company incorporated and registered in the British Virgin Islands in 2005. What association do you have with this company?
Do you know the law firm where Mossack Fonseca registered the company?
This company’s directors include you, your father Kotedadiramana Rai Krishna Rai, your mother Kavita Rai, and your brother Aditya Rai. What can you say about this?
The initial paid-up capital is $50,000. Each share was worth $1, and each director had 12,500 shares. Why did you become a shareholder from your position as a director?
Why was your status changed to shareholder in June 2005?
Why did the company become inactive in 2008?
Was permission from the RBI sought for financial transactions?
The Panama Papers pertain to leaked documents that point towards fraud and tax evasion by many individuals and corporate entities across the world. Aishwarya Rai Bachchan’s name featured in the list of 500 Indians who were named in the massive leak of 11.5 million tax documents exposing their secret offshore dealings.
“The Panama Papers” case is a sprawling investigation spanning millions of documents stolen and leaked to the media in 2016, which involve allegations that the world’s rich and powerful set up offshore accounts or shell companies to avoid taxes.