Big B accused of Rs.500 cr money scam

According to Kanpur police, megastar Amitabh Bachchan and Samajwadi Party general secretary Amar Singh have been accused of Rs.500 cr money scam. The complaint has been lodged by local businessman, Shivkant Tripathi late Thursday.

"The complainant has accused Amar Singh of floating half a dozen companies in which 43 companies were amalgamated allegedly with the intent of siphoning off tonnes of black money," Uttar Pradesh's additional director general of police Brij Lal said.

"Amitabh Bachchan figures among the key stake holders in most of the companies, while Amar Singh's wife Pankaja Singh is shown as a partner," he said.

According to Lal, "The companies, mostly registered in Kolkata, were identified as 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 case has been registered under the Money Laundering Act as well as Prevention of Corruption Act.

However, the official said that first of all preliminary investigations will be done to confirm the charges against Mr Bachchan and Amar Singh.