Another Star’s Name in ‘Panama Papers’ Scandal

ajay-devgn-kajol

Star hero Ajay Devgan’s name has now surfaced in the alleged Panama Papers scandal.

Reportedly, Ajay Devgan bought 1000 shares in British Virgin Islands based firm Marylebone Entertainment. He bought the shares in the name of Nysa Yug Entertainment, a firm he co-owns with his wife Kajol. He took over as the director of this firm in 2013 and resigned in 2014.

Soon after his name come up, Devgan clarified that the firm was set up in accordance with the RBI guidelines for overseas direct investment route and he made proper disclosures in the tax return policy.

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