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Europe

The Latest: Bollywood actor denies links to offshore firms

Associated Press
Published | Updated
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    People protest in front of Parliament building in Reykjavik, Iceland, Tuesday April 5, 2016. The leak of millions of records on offshore accounts claims its first high-profile victim as Iceland's prime minister resigns amid outrage over revelations he used such a shell company to conceal a conflict of interest. (AP Photo/David Keyton) (The Associated Press)

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    FILE - In this Feb. 17, 2008 file photo, Pakistan's Prime Minister Nawaz Sharif, left, and his brother Shahbaz Sharif address a news conference in Lahore, Pakistan. Sharif has announced that he will set up an independent judicial commission to probe whether his family is involved in illegal overseas investments after reports based on documents leaked from a Panama-based law firm indicated his sons owned several offshore companies. (AP Photo/KM Chaudary,File) (The Associated Press)

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    People walk past the Arango Orillac Building which lists the Mossack Fonseca law firm in Panama City, Tuesday, April 5, 2016. Millions of confidential documents were leaked from the Panama-based law firm, revealing details of how some of the globe's richest people funnel their assets into secretive shell companies set up here and in other lightly regulated jurisdictions. (AP Photo/Arnulfo Franco) (The Associated Press)

LONDON – The Latest on the publication by a coalition of media outlets of an investigation into offshore financial dealings by the rich and famous (all times local):

10:20 a.m.

India's top Bollywood actor Amitabh Bachchan has denied any connection to four shipping companies registered in tax havens following the publication of the names of rich and powerful people linked to the leaks, dubbed the Panama Papers.

He was responding to a report published Monday by The Indian Express newspaper based on the Panama Papers.

Bachhan tweeted an image of his statement late Tuesday: "It is possible that my name has been misused."

He said he did not know any of the companies he was allegedly linked to and has never been a director for any of them.

He added: "I have paid all my taxes including on monies spent by me overseas. Monies that I have remitted overseas have been in compliance with law, including remittances through LRS (Liberalized Remittance Scheme) after paying Indian taxes. In any event the news report in the Indian Express doesn't even suggest any illegality on my part."