Amitabh Bachchan named in Rs 500 Crore scam

Bollywood superstar Amitabh Bachchan has been accused of being involved in a Rs.500 Crore money laundering scam along with his friend and and Samajwadi Party general secretary Amar Singh. The complaint has been filed with the Kanpur police by a local businessman Shivkant Tripathi. The list of accused also includes the name of Amar Singh's wife Pankaja Singh who is shown as a partner in most of the companies.

In the FIR filed, Tripathi accused Amar Singh of floating half a dozen companies in which 43 companies were amalgamated allegedly with the intent of converting tonnes of black money. Uttar Pradesh"s additional director general informed this to the media. Amitabh being a direct stake holder in most of these companies falls under suspicion.

The companies most of which are registered in Kolkata include Eastern India Chemicals Pvt Ltd, Sarvottam Pvt Ltd, Pankaja Art and Credit Pvt Ltd, EDCL Infrastructure Pvt Ltd, EDCL Powers Ltd and Energy Development Company. The police have registered cases under the Money Laundering Act as well as Prevention of Corruption Act.