Close X
Saturday, October 12, 2024
ADVT 
Bollywood

Fresh Claims On Amitabh Bachchan In 'Panama Papers', Equally Fresh Denial

IANS, 21 Apr, 2016 01:20 PM
    Even as a fresh report on the "Panama Papers" alleged Amitabh Bachchan "participated" in board meetings of two off-shore companies "by telephone conference", the actor himself has said his name was "misused" and that nothing illegal has been attributed to him.
     
    The Indian Express reported on Thursday that Sea Bulk Shipping and Tramp Shipping had passed a resolution each on December 12, 1994, in connection with a loan of $1.75 million from Dallah Albaraka Investment Company.
     
    The loan was for Constellation Ship Management for the purchase of all the shares issued by Tramp Shipping and held by Sea Bulk Shipping. Besides Tramp and Sea Bulk, the paper had said Bachchan was managing director for two other offshore entities -- Lady Shipping and Treasure Shipping.
     
    "Both resolutions recorded Bachchan’s participation in board meetings 'by telephone conference'. In their certificate of incumbency issued the same day, both companies also recorded Bachchan as director. The companies had the same directors, including Bachchan, and officers," it said.
     
     
    In response, Bachchan's office sent a rejoinder, which was also posted on his twitter account.
     
    "On Panama disclosures, I wish to state that queries continue to be sent to me by the media. I would humbly request them to kindly direct these to the GOI (Government of India) where I, as a law abiding citizen, have already sent, and shall continue to send, my responses," the post said.
     
    "I stand by my earlier statement on the ‘misuse of my name’ in the matter and in any event the press reports do not disclose any illegal act committed by me."
     
    The Indian Express, based on Mossack Fonseca records, said Umesh Sahai of Jersey-based corporate service provider City Management (now Minerva Trust) was one of the founder-directors of the four shipping companies and that he had appointed Bachchan as director and managing director in 1993.
     
    "He (Sahai) also signed the board resolutions that recorded Bachchan’s participation in the December 12, 1994, meetings. Sahai did not respond to emails and phone calls seeking his comment on Bachchan’s statement denying any knowledge of the companies," the newspaper said.
     
     
    Bachchan's name cropped up in the reports as part of a global expose of International Consortium of Investigative Journalists (ICIJ) and over 100 global media organisations, based on millions of leaked documents of the Panama law firm Mossak Fonseca.
     
    A high-level probe team has been constituted, with members drawn from the various agencies of the finance ministry and the Reserve Bank of India (RBI) based on the orders issued by Prime Minister Narendra Modi. Indian authorities have already said not all off-shore funds need be illegitimate.

    MORE Bollywood ARTICLES

    'Main Azhar': Emraan Introduces Himself In 'Azhar' Teaser

    'Main Azhar': Emraan Introduces Himself In 'Azhar' Teaser
    The teaser of forthcoming film “Azhar”, which will give a glimpse of the world of former Indian cricket captain Mohammad Azharuddin, was launched by the film's lead actor Emraan Hashmi on Monday.

    'Main Azhar': Emraan Introduces Himself In 'Azhar' Teaser

    Karan Johar Turns 43, Varun Dedicates 'Happy Birthday' Song

    Karan Johar Turns 43, Varun Dedicates 'Happy Birthday' Song
    Actor Varun Dhawan, who made his Bollywood debut with Karan Johar's "Student Of The Year", has dedicated a "Happy birthday" song from his forthcoming film "ABCD 2" to the filmmaker.

    Karan Johar Turns 43, Varun Dedicates 'Happy Birthday' Song

    First Look: Akshay Kumar Goes Shirtless For Selfie Debut

    First Look: Akshay Kumar Goes Shirtless For Selfie Debut
    Actor Akshay Kumar made an impressive selfie debut by posing shirtless, giving a glimpse of his well-toned physique to his fans.

    First Look: Akshay Kumar Goes Shirtless For Selfie Debut

    Irrfan, Deepika Took Romance To New Level: Sircar

    Irrfan, Deepika Took Romance To New Level: Sircar
    Irrfan Khan and Deepika Padukone's endearing chemistry in “Piku” took romance to a different level, says the film's director Shoojit Sircar.

    Irrfan, Deepika Took Romance To New Level: Sircar

    Anupam Kher Completes 31 Years In Tinsel Town

    Anupam Kher Completes 31 Years In Tinsel Town
    From "Saaransh" to "Dirty Politics" - veteran actor Anupam Kher has completed 31 years in Hindi cinema. He says it has been an "amazing journey".

    Anupam Kher Completes 31 Years In Tinsel Town

    Bollywood Chants 'Mumbai Mumbai' As Mumbai Indian Lift IPL Crown

    Bollywood Chants 'Mumbai Mumbai' As Mumbai Indian Lift IPL Crown
    Cheers and congratulations poured in from Bollywood as Mumbai Indians registered a thumping 41-run win over Chennai Super Kings to bring home the Indian Premiere League trophy at the Eden Gardens here on Sunday.

    Bollywood Chants 'Mumbai Mumbai' As Mumbai Indian Lift IPL Crown