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Panama Case: Investigation Begin against Amitabh

Web Desk (August 17, 2017): Indian income tax department started probe into Amitabh Bachchan’s overseas transactions in the light of his name in Panama Papers.

The I-T department sent officer to the British Virgin Islands in order to collect his financial information. The authorities received criticism for lack of action against the Bollywood actor after Supreme Court of Pakistan sacked PM Nawaz Sharif in Panama case. Talking to Indian media, an officer of Indian income tax department said, “There is no let-up in investigations and we are seeking information from other countries.”

At least 33 cases including that of Amitabh have been opened by the department that are linked to the British Virgin Islands. Commenting on allegations of tax evasion, the 74-year-old actor denied any involvement in irregularities, calling his overseas transactions in accordance with Indian tax laws.

He refuted to the claim of links with the offshore company, saying he never used illegal methods to send money outside India. Several of Indian politicians, actors and businessmen have offshore companies which is why their income tax department decided to launch an across the board investigation against tax evaders.

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