The ED asked Aishwarya Rai Bachchan regarding the Panama Papers

SeetaGeeta had access to the queries that the Enforcement Directorate (ED) posed to Bollywood celebrity Aishwarya Rai Bachchan in connection with the ‘Panama Papers’ investigation in 2016.

The Enforcement Directorate (ED) questioned Bollywood star Aishwarya Rai Bachchan on Monday in connection with the Panama Papers. Aishwarya Rai, 48, was called by the ED on suspicions of violating forex laws.

Aishwarya Rai’s statement in Delhi was recorded by the investigation agency. She is accused of stashing money overseas in contravention of the Foreign Exchange Management Act (FEMA). SeetaGeeta had access to the queries that the ED posed to Aishwarya Rai Bachchan. They are as follows:

In 2005, Amic Partners was founded and registered in the British Virgin Islands. What relationship do you have with this company?

Do you know which law firm registered Mossack Fonseca’s company?

You, your father Kotedadiramana Rai Krishna Rai, your mother Kavita Rai, and your brother Aditya Rai are all directors of this corporation. What do you have to say about it?

The company’s initial paid-up capital is $50,000. Each share was worth one dollar, and each director had 12,500 shares.

Why did you decide to become a shareholder after serving as a director?
Why was your status changed from shareholder to shareholder in June 2005?
Why did the corporation go bankrupt in 2008?

Was authorization from the Reserve Bank of India obtained for financial transactions?

Aishwarya Rai, Amitabh Bachchan’s daughter-in-law, has already been called. On two times, she requested extra time.

In 2017, the Enforcement Directorate began examining claims of foreign exchange irregularities. It has served notifications on the Bachchan family, requesting them to explain their overseas payments since 2004 under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS).

According to Enforcement Directorate sources, Amic Partners, an offshore corporation, was formed in the British Virgin Islands in 2004 with Aishwarya Rai as director. Mossack Fonseca, a law firm, registered the corporation, which had a paid-up capital of $50,000.

What exactly is the case of the Panama Papers leak?
The Panama Papers case is a vast investigation including claims that the world’s affluent and powerful set up offshore accounts or shell corporations to evade taxes. Millions of papers were stolen and released to the media in 2016.

The Panama Papers were claimed to include almost 300 Indians.

This document leak named several Indian celebrities, including Amitabh Bachchan and Aishwarya Rai Bachchan. Everyone was charged with tax evasion.