ED quizzes Aishwarya for six hours in Panama case – Instances of India


NEW DELHI: Bollywood actor Aishwarya Rai Bachchan was questioned by the Enforcement Directorate (ED) on Monday at its headquarters in central Delhi in a case linked to the 2016 ‘Panama Papers’ case. She is going through cash laundering allegations for her involvement in an offshore entity/belief.

Sources stated Aishwarya Rai is likely one of the administrators of an entity/belief which is being probed for alleged cash laundering of tax evaded earnings. Her mom and different members of the family are additionally prone to be questioned in the identical case for his or her involvement with the entity.

Her husband Abhishek Bachchan and father-in-law Amitabh Bachchan are already going through investigations in separate instances being probed by ED underneath the International Trade Administration Act (Fema) and the Prevention of Money Laundering Act (PMLA).

The Bachchans, together with Aishwarya Rai, have been questioned for his or her involvement in separate entities registered in tax havens as early as 2004-05. Many of those entities, typically created for tax evasion and holding of unaccounted property, have been shut down because the Panama Papers and Paradise Papers leaks in 2016.

To date, a multi-agency probe has revealed unaccounted earnings of greater than Rs 20,000 crore laundered by at the least 970 entities/people within the two paper-leak instances, in line with the finance ministry. Many of those instances have been booked underneath the Black Cash Act and the PMLA. Taxes of Rs 154 crore have been collected from a number of the entities/people in some instances.

In keeping with the ministry, in 52 instances of Panama Papers and Paradise Papers leaks, felony prosecution complaints have been filed underneath the Black Cash (Undisclosed International Earnings and Property) Act. Additional, in 130 instances proceedings underneath the Black Cash Act have been initiated.

Additional, within the latest Pandora Papers leak, the federal government has constituted a multi-agency group (MAG) to analyze the instances. It has members from the ED, RBI, Income Tax department, and the Monetary Intelligence Unit India.

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