After Amitabh Bachchan and family, Ajay Devgn’s name mentioned in Panama Papers

We know Ajay Devgn to be one of the gentlemen of Bollywood. Rarely have we stumbled upon controversies pertaining to this man. However, there’s a black patch on this reputation now. After the Bachchans, the very controversial Panama Papers now have Devgn’s name as one of the blacklisters too!

For a long time, Indians were restricted from operating business overseas. However, later regulations changed. As per the present law, an Indian can buy shares of a foreign company overseas, though he can never set up a company outside the country. Devgn, along with wife Kajol, bought 100% shares of a British virgin islands company in the name of his existing production house Nysa Yug Entertainment.

However, the actor claims that he duly declared all the relevant information about the company and his earnings while filing tax returns. More details are yet to follow…

Ranjini Maitra

Journalist. Writer. Reader. Enthu cutlet. Mood-swing machine. Day dreamer. Sandwiched between ‘live life fully’ and ‘lose some weight’. Mantra of life: Love and love more.