Close X
Tuesday, October 15, 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

    Hrithik Inspired By Mamata, Bengal CM Says 'Thanks'

    Hrithik Inspired By Mamata, Bengal CM Says 'Thanks'
    Bollywood actor Hrithik Roshan said meeting West Bengal Chief Minister Mamata Banerjee was "inspiring" and reminded him of the hospitality and warmth of the Bengali community, which he "misses" a lot.

    Hrithik Inspired By Mamata, Bengal CM Says 'Thanks'

    Image Means A Lot In Film Industry: Kangana Ranaut

    Image Means A Lot In Film Industry: Kangana Ranaut
    Actress Kangana Ranaut, who has played varied roles on the silver screen, says the image of an actor drives a celebrity's career in the world of showbiz.

    Image Means A Lot In Film Industry: Kangana Ranaut

    Salman Khan Was Drunk At The Time Of Accident: Prosecution

    Salman Khan Was Drunk At The Time Of Accident: Prosecution
    Attempting to further nail Salman Khan in the 2002 hit-and-run case, the prosecution on Wednesday cited evidence to prove that the Bollywood star was indeed under the influence of alcohol and his Toyota Land Cruiser vehicle did not have any mechanical defects.

    Salman Khan Was Drunk At The Time Of Accident: Prosecution

    Was Apprehensive About Working With Emraan: Amyra Dastur

    Actress Amyra Dastur says she was sceptical before saying yes to her forthcoming film "Mr. X" opposite Emraan Hashmi because of his bold image.

    Was Apprehensive About Working With Emraan: Amyra Dastur

    Apologise For Insulting Maharashtra: Shiv Sena To Shobhaa De

    Apologise For Insulting Maharashtra: Shiv Sena To Shobhaa De
    The Shiv Sena on Wednesday moved a notice of privilege motion in the state assembly demanding an apology from celebrity writer Shobhaa De, claiming she has insulted Maharashtra.

    Apologise For Insulting Maharashtra: Shiv Sena To Shobhaa De

    Double Dhamaka For Adah Sharma

    Double Dhamaka For Adah Sharma
    Actress Adah Sharma is excited since for the second time in her career two of her forthcoming films - "Son of Satyamurthy" (SOS) and "Rana Vikrama" - are releasing around the same time.

    Double Dhamaka For Adah Sharma