Panama Papers: Bollywood Legend Amitabh Bachchan Comes Under IT Scanner

न्यूज़ वर्ल्ड इंडिया | 1
| August 14 , 2017 , 10:20 IST

The income tax department is 'aggressively' pursuing names linked with the Panama Papers case, including Bollywood superstar Amitabh Bachchan and has sent officials to the British Virgin Islands to gather more information.

As the Pakistan Supreme Court removed their Prime Minister Nawaz Sharif due to his role in the Panama Papers case, India has faced pressure to increase its investigations against Indians involved in the infamous case.

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"There is no let-up in investigations. We are aggressively seeking information from other countries," an official connected with the situation said.

Regarding the involvement of Amitabh Bachchan, the official said, "Mr Bachchan has said he does not own any of the firms named in the documents. So we just can't launch a probe. We have to seek information."

"We have sent a senior CBDT (Central Board of Direct Taxes) officer to the British Virgin Islands to gather information and we are also seeking information from various other countries and then we will have to analyse and see if there are any violations," the official added.

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"Some of the accounts which were revealed are also genuine and those named have come forward to give details. It is a long-drawn process of seeking information," said the official.

Bachchan has denied any links with the firms named in the Panama Papers and said that all his overseas remittances were in line with Indian regulations.

The Panama Papers are the 11.5 million documents leaked from the Panama-based law firm Mossack Fonseca that revealed the financial loop-holes taken by famous personalities and political leaders.