Chinese superstar Fan Bingbing emerges; ordered to pay $129 million for tax evasion

Reuters
Beijing, China Published: Oct 03, 2018, 09:03 AM(IST)

China hits movie star Fan Bingbing with huge fines for tax evasion Photograph:( Reuters )

China's taxation authorities fined A-list Chinese movie star Fan Bingbing $129 million for tax evasion, state news agency Xinhua said on Wednesday.

Also Read: Fan Bingbing goes missing after reportedly being on travel ban for tax evasion

Fan appeared in the 'X-Men' and 'Iron Man' film franchises with more than 62 million followers online in China. She dropped off the radar in June amid reports she was involved in an investigation into tax evasion in the film industry.

Her vanishing act sparked wild speculation in China about her fate, including reports she had been detained. 

A Chinese TV anchor was widely reported in May to have posted tax-dodging pay agreements online known as "yin-yang" contracts - one setting out the real agreed payment terms and a second with a lower figure for the tax authorities - that appeared to implicate Fan.

Reuters was unable to contact Fan or her agent when inquiring about those reports.

The Jiangsu provincial tax bureau delivered its judgments to Fan on Sunday, Xinhua said. There was no immediate comment from Fan or a representative for the actor. 

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