What is Panama Papers Leak Case? Why Aishwarya Rai Summoned By ED?

The Enforcement Department has summoned Bollywood actress Aishwarya Rai Bachchan for allegedly hoarding assets abroad. It has been reported that the Enforcement Department has sent a summons to actress Aishwarya Rai in connection with the Panama Papers case. Aishwarya Rai will be present at the enforcement office today.

In 2016, there was a complaint that Indian businessmen and rich people had invested black money in Panama. A German newspaper has published a list of investors in Panama, which is termed as Panama papers. It featured the names of 500 people, including actress Aishwarya Rai.

Actress Aishwarya Rai has already been summoned twice. But Aishwarya Rai Bachchan was then asked to give her time off. Actress Aishwarya Rai has been summoned again by the Enforcement Department.

The list of those who have invested illegally abroad in 2016 was released under the name Panama Document. It featured the names of prominent personalities in many countries. It has been revealed that many personalities invested to facilitate tax evasion abroad and facilitate the purchase of assets under cover of sanctions. 

More than crore documents were released in this regard and caused a stir all over the world. Reporters examined these from about 107 media outlets in 80 countries.

Of these, more than 2 lakh were found to have evaded taxes and amassed wealth abroad. In this case, these documents are being investigated by the existing investigative bodies in the respective countries. In that regard, the Enforcement Department in India has summoned the suspects on the basis of the Panama Papers, summoned them in person and is conducting an investigation.

In this situation, Actress Aishwarya Rai Bachchan has been summoned by the Enforcement Department today under Section 37 of the Foreign Exchange Management Act and is required to respond within 15 days.