Amitabh Bachchan responds to dna report on tax evasion

Amitabh Bachchan24indianews

Bollywood superstar Amitabh Bachchan who has recently come under the scanner for tax evasion after the Panama Papers leak on Saturday said he is a law-abiding citizen of the country.

Referring to a dna report carried on Friday, he said in a statement, “I wish to state that the article carried in the dna dated April 8, 2016 with regards to me, is a matter that has been under investigation for the past 6-7 years by the Income Tax and Enforcement Departments. I have diligently responded to all the queries and notices sent by them. I am, a law-abiding citizen of the country.
He further said, “I am a law-abiding citizen of the country. I wish to reiterate, that on the Panama Papers reportage in the Indian Express, I have not been a director on the Board of the 4 Companies as mentioned in an earlier report. I am happy that the GOI (Government of India) has instituted a thorough investigation on this issue, for, I myself am keen to know how my name appears in connection with those 4 Companies.”Big B concluded his statement by saying, “I have been reading demands for my removal from the Brand Ambassadorship of the Maharashtra Tiger Preservation campaign. This is the prerogative of the Government of Maharashtra, which I shall humbly respect. Nonetheless, I wish to state that whatever the decision, I shall continue to work towards the social causes that I am associated with – Tiger Preservation, Polio, Swachh Bharat, TB, Hepatitis B, Diabetes, Family Planning – in my individual personal capacity.”

dna’s investigative team takes you through the Bollywood star’s brush with the Income Tax Department right from 2009 and how his loans were paid off using offshore entities.
Another dna report said that the Income Tax investigations had been probing how Amitabh Bachchan had repaid a Rs 60-crore loan, allegedly taken by him from Indian businessman late CK Pithawalla through the Sahara group.

Bachchan in a letter dated December 22, 2009, which was addressed President Pranab Mukherjee said, “The notice received by me from the Investigation Department of the Income Tax, Mumbai wherein a finger of suspicion has been raised at me is most unfortunate. I have continuously felt that frivolous media reportage has become a convenient instrument through which cases have been built against me by the Department. I plead my innocence in the case under reference and make a plea that I be spared from any further harassment.”
The Income Tax department, despite having glaring evidence of tax evasion against Bachchan, put its investigations on the backburner.

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