Ajay Devgan in Panama papers, actor says it is legal

ajayBollywood actor-entrepreneur Ajay Devgan has joined Amitabh Bachchan and Aishwarya Rai Bachchan as actors who have been named as holding offshore accounts Reports said Devgan wholly owns a British Virgin Islands (BVI) company, Marylebone Entertainment Ltd, which was incorporated in 2013.

Media reportes said his name is also figured in the Panama Papers leak.

The actor admitted to holding an overseas account and denied any wrongdoing. He told media that the company had been established under RBI guidelines for overseas direct investment route and proper disclosure has been made by his family while filing for tax returns.

Devgan’s chartered accountant Anil Sekhri said that 1000 shares are held by Ajay Devgan on behalf of M/s Nysa Yug Entertainment, a partnership firm between Ajay and his wife Kajol Devgan.

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