Sources have said that Aishwarya Rai is one of the directors of an entity / trust that is under investigation for alleged money laundering of tax evaded income. His mother and other family members are also likely to be questioned in the same case for their involvement with the entity.
Her husband Abhishek Bachchan and stepfather Amitabh Bachchan are already under investigation in separate cases that ED is considering under the Foreign Exchange Management Act (Fema) and the Money Laundering Prevention Act. silver (PMLA).
The Bachchans, including Aishwarya Rai, were questioned for their involvement in separate entities registered in tax havens as early as 2004-05. Many of these entities, typically created for tax evasion and holding unrecorded assets, have been shut down since the Panama Papers and Paradise Papers leaks in 2016.
So far, a multi-agency investigation has revealed unrecorded income of over Rs 20,000 crore laundered by at least 970 entities / individuals in the two cases of the paper leak, according to the finance ministry. Many of these cases have been registered under the Black Money Act and the PMLA. Taxes of Rs 154 crore have been collected from certain entities / individuals in some cases.
According to the ministry, in 52 cases of Panama Papers and Paradise Papers leaks, criminal complaints were filed under the Black Money Law (Foreign Income and Assets Undisclosed). In addition, in 130 cases, proceedings under the Black Money Act were initiated.
Additionally, during the recent Pandora Papers leak, the government formed a Multi-Agency Group (MAG) to investigate the cases. It includes members of the ED, RBI, Income Tax Department and Financial Intelligence Unit India.
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