Mumbai: Bollywood actor Sanjay Dutt’s wife, named among those in the ‘Paradise Papers’ accused of parking their wealth in tax havens abroad, says all her financial dealings are above board.
Dilnashin figures among the 714 Indian links named in the ‘Paradise Papers’, said the Indian Express in a banner story done as part of a global probe carried out by the International Consortium of Investigative Journalists (ICIJ).
Her spokesperson said in a statement: “As per the requirements of provisions of Income Tax Act, 1961, all the properties, company or body corporate or shares in any company are declared in the balance sheet.”
Megastar Amitabh Bachchan has been named as part of the leaks, regarding shareholding in a Bermuda company acquired before the 2004 Liberalised Remittance Scheme kicked in.
A day before the big story broke, Amitabh had penned his thoughts on being named in the Bofors scandal and the earlier Panama Papers leaks.
“Tomorrow there could be more… And the process of our cooperation shall continue,” he wrote in a blog post on Sunday.
On the Panama Papers of last year, he wrote: “We were asked for reactions, for responses, for justification or not, for replies to their investigative queries… Two instant replies were given out by us… Of denial and misuse of the name. They were printed… but the questions continued.
“The fullest cooperation has been extended at all hours as dutiful citizens. And even after, if there is any more query that needs to be addressed, we shall comply.”( IANS)
India boasts of having one of the largest and expensive modern mansions in the world – second only to the palace built by Sultan of Brunei. That belongs none other than a filthy rich Mukesh Ambani. But very contrastingly, India has also often been disgraced for its maximum number of citizens who spend their nights, their weeks, their months and years in the open pavement even in the cutting cold of the winter. Yes, the country bears the burden of the largest number of poor people in the world – approximately 276 million people live below poverty line. What a vast difference between the haves – the super-rich, and the have-nots.
The “loot” of nation’s wealth by the “ultra-rich” of the country had been going on quietly until the German newspaper brought out to the open the details of Paradise Papers from Appleby, the Bermuda-based legal service provider. Needless to say, for the ultra-rich, the name of the game is “tax planning”, offshore finance, the creation of off-shore entities, et al. In the eyes of our authorities, it is about “deemed lapses in corporate governance, alleged fund diversion, irregularities in disclosure norms,” and so on. One wonders, in this scenario, what is at stake for the common man?
As for the common man, his humble “paradise” is being looted; his God-given right to share his due is throttled. His children’s chances to come up in life, if at all there are any, are choked. His right to a “fair living” is gradually drifting apart. Because the very means of his life is plundered by a few ultra-rich. On a wider outlook, at the national level, the country’s wealth is burgled and robbed. Then who are these plunderers?
There are more than 700 of them from our country in the disclosed list of having Paradise Papers– the disclosure is still incomplete – of Paradise Papers. Very funnily, these names include persons, who the common man relies on, worship, holds in high esteem and vows to give his life for. Film star Amitabh Bachchan, who is often worshipped, Union Minister of State Jayant Sinha, BJP Rajya Sabha M.P., R.K. Sinha, Corporate tycoon Vijay Mallya, Corporate lobbyist Niira Radia, Harsha Moily, son of former UPA Minister Veerappa Moily, Bollywood actor Sanjay Dutt’s wife Dilnashin, son of former UPA powerhouse and Central Minister P. Chidambaram, former Union Minister Sachin Pilot, and several others who is who of India’s Corporate world, politics, and other fields. Interestingly, What more? Queen Elizabeth of Great Britain, Lord Ashcroft, the most prominent British politician, U.S. Commerce Secretary, Wilbur Ross, Shakira, Madonna and notoriously disgraced Harvey Weinstein, for his sexual wrongdoings and so on and so forth.
In spite of strict regulations in every country, it would be interesting to know, how these celebrities, politicians, multinationals, and the ultra-rich individuals are hiding Paradise Papers. I’m not wrong that rules in every country have built-in loopholes. In other words, rules of every country have provided loopholes to the cunning and crafty to circumvent them. And we have got them in abundance. The very fact that our country ranks 19th out of 180 countries in Paradise Papers is certainly not something that we can cheer about.
The wealthy form shell companies, “foundations”, and “trusts” as a cover to hide their money from tax authorities. They form “offshore” accounts that are handled by law firms specializing in these “offshore’ expertise. To the world, their forceful argument is “offshore” banking which is legal. But, this is practiced by only the ultra-rich to evade tax. They take advantage of the legal loop-hole by taking shelter under the tax treaties by our Government.
But frankly speaking, will they ever be able to “use” that wealth? I don’t think it’s possible in the practical world. They can’t even see, touch and feel their wealth they have once dispatched. Not even after 500 years, they can use it if they ever could live. Because these super-rich people already have countless wealth which is in their various kind of treasury vaults. Is it not the paradise of illusion then?
Salil Gewali is a well-known writer and author of ‘Great minds on India’. Twitter @SGewali.
November 7, 2017: Actor Sidharth Malhotra, who will be seen sharing screen space with Manoj Bajpayee in “Aiyaary”, says the National Award winning actor is amazing and a team player.
Sidharth Malhotra on Thursday treated his fans to a question and answer session over Twitter.
A user asked the “Student Of The Year” actor about his experience working with Manoj in “Aiyaary”.
Sidharth replied: “He’s an amazing actor and a team player on set.”
“Aiyaary”, set in Delhi, London and Kashmir, revolves around two strong-minded Army officers having completely different views, yet right in their own ways. It is a real-life story based on the relationship between a mentor and a protege.
Presented by Plan C and Jayantilal Gada (Pen), the project is produced by Shital Bhatia, Dhaval Jayantilal Gada, Motion Picture Capital.
When asked about the development of the film, Sidharth replied: “Awesome. Excited to show it in a few months.”
Sidharth, 32, also described his “Brothers” co-star Akshay Kumar as his “brother from another mother.”(IANS)
Legendary singer Asha Bhosle regrets not getting a proper education and says she would have touched greater heights if she had studied further and crooned songs in English too.
Bhosle talked about her regrets at the Leadership Lecture Series at the Dubai campus of the Global Indian International School (GIIS) on Tuesday, read a statement.
Asked about her message for the young generation, she said: “A person is responsible for his own success. The one who works hard day and night and keeps doing his work, he will always be successful. And for your school, the message that I have is, I haven’t studied much and today when I go abroad, when I go to America or London, I really regret after listening to their songs, I feel bad that I can’t get that accent.”
The legendary singer Asha Bhosle added: “I really wish that I had studied more but back in those times, in my generation, 80 years back, there was no use of educating women, they said women are supposed to do simple household chores, deliver babies, why make her study.
“So, the education never happened. And now I really regret that if we were made to study or given our education, then we would have been at different heights in our life and I would have gone way ahead in English songs because our style and English words would have taken me to greater heights.”
Asha Bhosle is one of the most versatile singers to have been associated with Bollywood. From cabaret to ghazals — she has sung songs like “Jhumka gira re”, “Dum maro dum”, “Chura liya”, “Mehbooba mehbooba”, “Mera kuch saaman”, “Dil cheez kya hai” to “Prem mein tohre”.
From Zeenat Aman to Urmila Matondkar and Rekha to Vidya Balan — Bhosle has lent her voice for actresses of different generations over six decades and has managed to stay relevant by adapting to new styles and singing techniques.(IANS)