Panama Papers leaked earlier this month has caused stir around the world. With many renowned personalities becoming the victims of Panama leaks, Bollywood legend Amitabh Bachchan, simply known as the ‘Big B’ in India, had been accused of owning at least four shipping companies registered in offshore tax havens.
Though, the superstar has denied all the allegations, but the fresh report on the Panama Papers alleged Amitabh Bachchan ‘participated’ in board meetings of two off-shore companies ‘by telephonic conference’.
New records obtained and investigated by The Indian Express contradict Bachchan’s statement.
The Indian Express reported on Thursday that Sea Bulk Shipping and Tramp Shipping had passed a resolution each on December 12, 1994, in connection with a loan of $1.75 million from Dallah Albaraka Investment Company. The loan was for Constellation Ship Management for the purchase of all the shares issued by Tramp Shipping and held by Sea Bulk Shipping. Besides Tramp and Sea Bulk, the paper had said Bachchan was managing director for two other offshore entities -- Lady Shipping and Treasure Shipping.
“Both resolutions recorded Bachchan's participation in board meetings 'by telephone conference'. In their certificate of incumbency issued the same day, both companies also recorded Bachchan as director. The companies had the same directors, including Bachchan, and officers,” the report said.
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