I don't know any of the companies mentioned in Panama Papers leak, says Amitabh Bachchan
The actor said it is possible that his name has been misused, before adding that he has paid all his taxes, including on money spent overseas.
Actor Amitabh Bachchan, who was named in the Panama Papers leak, said on Tuesday that he had neither been the director of any of the companies mentioned in media reports, nor was he aware of them. “It is possible that my name has been misused. I've paid all my taxes, including on monies spent by me overseas [sic],” he told ANI. Bachchan was among the 500 Indians named in a major leak of millions of documents from a Panama-based law firm, which revealed the hidden offshore wealth of some of the world's top leaders and celebrities.
The 73-year-old further said that money he had remitted abroad had been “in compliance with law” after paying Indian taxes, including remittances through the Liberalised Remittance Scheme, ANI reported. Under LRS, residents can remit $250,000 abroad every financial year for a specific number of current or capital account transactions. These remittances can be for overseas travel, medical treatment, education and purchase of property and shares. Under the scheme, individuals can also open, maintain and hold foreign currency accounts with foreign banks to carry out transactions.
The Panama Papers leak also named Bachchan’s daughter-in-law and actor Aishwarya Rai, Russian President Vladimir Putin, Pakistan Prime Minister Nawaz Sharif, Chinese President Xi Jinping and his family, and Argentinian footballer Lionel Messi. The documents were leaked by an anonymous source to German newspaper Süddeutsche Zeitung.