Panama Papers: What’s Aishwarya Rai ‘Hiding’ From the Enforcement Directorate?

48-year-old Aishwarya Rai Bachchan has been questioned today by the ED  in the Panama papers case for stashing wealth abroad under the Foreign Exchange Management Act

Since 2017 the ED has issued notices to the Bachchans asking them to explain their foreign remittances from 2004 under the Liberalised Remittance Scheme of the RBI

Aishwarya Rai, her parents and brother Aditya Rai were reportedly appointed as directors of Amic Partners in May 2005, – with an initial authorised capital of 50,000 dollars. But in 2008, a year after Aishwarya married Abhishekh, the process to wind up the company was initiated.

So What exactly is Panama Papers case

It’s a long winding investigation probing allegations that the world’s rich and powerful set up offshore accounts or shell companies to avoid taxes. Leaked financial records of politicians, industrialists and celebrities worldwide were reviewed and published by the International Consortium of Investigative Journalists. Over 300 Indians were said to be part of the Panama Papers with the Income Tax Department reportedly detecting over 20,000 crore worth of undeclared assets under Panama papers probe.

Published by Reviewron

Senior Journalist with 14-years-experience at channels like Times Now, NewsX, Zoom and Radio City. Now, Rotten Tomatoes approved global critic for the Times of India and BBC India Correspondent in Dubai. News Presenter at Radio 4, Dubai This is my independent channel for clarity in chaos in News, Views, Reviews and vivid Experiences. Connect on Instagram @reviewron, Twitter @ronakkotecha and email

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