December 21, 2021
2 mins read

ED quizzes Aishwarya Rai for over 5 hours

The ED had lodged a case under FEMA after the Panama Papers leak showed how companies were set up in offshore islands to avoid taxes. Aishwarya and others have been named in the case…reports Asian Lite News.

Bollywood actress Aishwarya Rai was on Monday quizzed for more than five hours by the officials of the Enforcement Directorate (ED) at its Jam Nagar office here in connection with the Panama Papers expose for allegedly violating FEMA (Foreign Exchange Management Act).

The expose showed that several prominent personalities in India had floated companies in tax havens.

A team of six officals, including a lady official, recorded her statement. A source said that Aishwarya was asked as many as 50 questions regarding a firm reportedly incorporated by her father-in-law and Bollywood icon Amitabh Bachchan. The firm was incorporated in British Virgin Island. She was first the director of the firm and then became a shareholder.

This was the third time that the actress was summoned. However, she didn’t join the probe on the earlier occasions.

“We had summoned her for December 20. Abiding by the third summon, she joined the probe,” said an ED official.

The ED had lodged a case under FEMA after the Panama Papers leak showed how companies were set up in offshore islands to avoid taxes. Aishwarya and others have been named in the case.

In 2016, the Panama Papers leak case came to the light in which Aishwarya and Bachchan family members were named. The names of Amitabh Bachchan and Abhishek Bachchan also cropped up in the case.

In May 2005, a company was reportedly incorporated at British Virgin Island in which Aishwarya and other members of the Bachchan family were directors. In June 2005, her post was changed and she became a shareholder in the company.

After three years, the company became inactive. Later, after her name cropped up in the Panama Papers leak, an SIT was formed to probe the matter.

ALSO READ-No evidence Omicron has lower severity than Delta variant

Previous Story

India, Iran and Central Asia work to unlock Chabahar port

Next Story

PM meets CEOs, takes feedback before next budget

Latest from -Top News

Trump due in Saudi, UAE amid new tariffs

The GCC bloc, which includes the UAE, Saudi Arabia, Oman, Kuwait, Qatar, and Bahrain, has been hit with a 10% tariff, placing them among the lower-tiered rates US President Donald Trump has

China Says US Tariff Hikes Violate WTO Rules

China is among the hardest-hit, facing a 34 per cent levy—part of what Washington describes as reciprocal measures aimed at rebalancing trade deficits and curbing unfair trade practices China has strongly condemned

Modi Due in Sri Lanka to Cement Ties

Indian High Commissioner to Sri Lanka Santosh Jha described the visit to island nation as “very important” and likely will set a fresh agenda for bilateral cooperation Prime Minister Narendra Modi’s visit

India Acts as ‘First Responder’ in Myanmar: Jaishankar

Jaishankar took the opportunity to underscore India’s swift humanitarian response, highlighting Operation Brahma, which was launched to assist those affected by the earthquake. External Affairs Minister S. Jaishankar on Thursday expressed India’s
Go toTop

Don't Miss

ED conducts raids at Indiabulls Housing in Delhi, Mumbai

The Delhi High Court had issued an order barring the

Aishwarya’s ‘Ponniyin Selvan’ look released

The film, called by Mani Ratnam as his dream project,