Now, Ajay Devgn Named in Panama Papers Expose Posted on: May 4, 2016,

Now, Ajay Devgn Named in Panama Papers Expose

Posted on: May 4, 2016, 11:21 AM IST | Updated on: May 4, 2016, 11:40 AM IST

After Bollywood stars Amitabh Bachchan and Aishwarya Rai Bachchan, Ajay Devgn's name, too, has surfaced in the Panama Papers case. As per an Indian Express report, Devgn had allegedly bought 1,000 shares in a British Virgin Islands based company - Marylebone Entertainment.

Panama-based law firm Mossack Fonesca was the registered agent of the company. The reports claims Devgn bought the shares in the name of his company Nysa Yug Entertainment, which he co-owns with wife Kajol.

Ajay took over as the director of the company in 2013 and resigned in 2014.

Responding to the report, Ajay clarified that the company was set up under the RBI guidelines for overseas direct investment route. "Proper disclosures have been made by my family in the tax returns as required by law," he said.

Earlier, Panama Papers leak revealed that Amitabh Bachchan was part of board meetings of some offshore companies. The actor, however, denied his involvement and said that he did not know about any of the companies in which he was named.