After the unveiling of the news about so many stars in the Panama papers under the crime of hiding offshore assets, it is the turn of Bollywood stars and similar other famous personalities. In a very recent edition of Panama Papers, it was revealed that the Big B of bollywood, Amitabh Bachchan and famous martial arts movie star Jackie Chan had offshore possessions.
Involvement of Amitabh Bachchan:
Big B was selected as the director of at least four shipping companies that had them registered in the offshore tax havens. These companies have been functional since duration of more than two decades. The capital of the companies is believed to range from the US $5000 to as much as UD $50000. But ironically, it found that the companies have done a trade as worthy as millions, reported the Indian Express newspaper.
It has been a real long time that Bachchan has resigned from the company and hence chose to comment absolutely nothing about the documents saying him guilty of the crime. According to some of the leaks regarding the news, there are other members of the family who have been named in the list of Panama Papers.
Bachchan’s Daughter in law and former Miss World Aishwayra Rai Bachchan have also been a director and stakeholder of an offshore company. She along with the other family members was involved in the offshore company. It was thought to be put up in the newspaper in the year 2008 but didn’t go up.
Hollywood could not also spare itself from the web of offshore wealth and Panama papers. Hong Kong film star and martial arts specialist Jackie Chan has been found to own at least six companies that were represented by the Fonseca’s firm. It can also happen that Jackie Chan would have used the companies in a very legitimate manner for the purposes of the business rather than using it for avoiding taxes.
The complete bunch of the records was found from an unspecified source by the German Daily newspaper names Sueddeutsche Zeitung. It then does the task of sharing the media all around the world. The documents are found from entities that are over forty years. A big list of names has appeared in the list, and as days are passing, it is dragging more and more people into it. It will be decided and found later that how many and what all names will follow the list rankings.