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What is Panama Papers Scandal? Explained



What is Panama Papers Scandal? Explained: Have you heard about Panama papers? In this blog, we are sharing the list of rich and popular Indians who have been named in the Panama Papers leak case so far. The Panama Papers are once again back in news in India after the Enforcement Directorate (ED) questioned Bollywood actor Aishwarya Rai Bachchan on Monday, 20th December 2021. Among the popular and rich Indians named in the Panama Papers so far are billionaire property baron Kushal Pal Singh, Vinod Adani the billionaire Gautam Adani, and billionaire real estate magnate Sameer Gehlaut. The list also has Bollywood’s Amitabh Bachchan and his daughter-in-law, Aishwarya Rai Bachchan. Follow More Update On

Panama Papers Scandal  - What is Panama Papers Scandal Explained - What is Panama Papers Scandal? Explained

Panama Papers Scandal Explained

Aishwarya Rai Bachchan appeared prior to or to the ED on Monday for questioning in link with the year 2016 “Panama Papers” case. Aishwarya Rai (48-years-old) joined the ED probe in Delhi after evading summons twice. Since the global leaks of the Panama Papers became public in the year 2016, the ED has been investigating the case. It was later released that notices to the Bachchan family members, asking them to explain their claimed illegal foreign transactions since the year 2004, under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India.


Indian Named In Panama Papers Leak

As per the report, over 500 Indians are associated with the “Mossack Fonseca” company, and the ED has grabbed over 230 Indian passports that were deposited as part of the formalities of the company. Among the many names listed in the Panama Papers scam are Bollywood celebrities Ajay Devgan, Amitabh Bachchan, and Aishwarya Rai. Here is the list of Indians whose names have come up in the investigations over the years:

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Aishwarya Rai Bachchan

The leaked papers assert that Aishwarya Rai Bachchan was a director at Amic Partners Limited, a firm in the British Virgin Islands, prior to that her status was changed to that of a shareholder. Even her father Kotedadi Ramana Rai Krishna Rai, brother Aditya Rai, and mother Vrinda Krishna Raj Rai were registered as Amic directors. The firm was dissolved in the year 2008, a year after she tied the wedding knot to Abhishek Bachchan.


Amitabh Bachcha

As per the leaked papers, Amitabh Bachchan was a director of 4 shipping companies set up in the British Virgin Islands and the Bahamas. The reporter stated that “The authorized capital of these firms ranged between $5,000 and $50,000, but they traded in ships which is worth of millions of dollars.”

Ajay Devgn

Bollywood actor Ajay Devgn named featured in the Panama Papers leak as the largest shareholder of Marylebone Entertainment Ltd located in the British Virginia Islands. As of 29th October 2013, the original shareholder of the firm was London-based Hassan N Sayani. Devgn reportedly purchased the full shareholding on the same day and later stated that the firm was legally established in accordance with the guidelines of the RBI.




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