Close X
Monday, January 13, 2025
ADVT 
Bollywood

Shah Rukh Records Statement With Enforcement Directorate

Darpan News Desk IANS, 11 Nov, 2015 12:29 PM
  • Shah Rukh Records Statement With Enforcement Directorate
Bollywood superstar Shah Rukh Khan recorded his statement before the Enforcement Directorate (ED) here over the alleged undervaluation of shares of his co-owned IPL cricket team, Kolkata Knight Riders, official sources said here on Wednesday.
 
On Tuesday, Shah Rukh responded to the second summons in six months issued by the ED in mid-October pertaining to the probe into the alleged irregularities in the sale of shares of Knight Riders Sports Pvt. Ltd (KRSPL) to a Mauritius-based company.
 
The ED is investigating whether the shares of the team were allegedly undervalued as it could be violative of the provisions of the Foreign Exchange Management Act (FEMA).
 
Earlier, the ED had served a notice to Shah Rukh in May this year but the actor did not appear before the agency.
 
Prior to that, Shah Rukh was quizzed in 2011 for allegations that KKR had received illegal money transferred from certain foreign tax havens.
 
The company, KRSPL, which runs the KKR team, is jointly owned by Shah Rukh, actress Juhi Chawla and her husband Jay Mehta.
 
It is alleged that five million shares of KRSPL were sold to Mehta's Mauritius-based company, Sea Islands Investments Ltd., in 2008 and were reportedly undervalued by eight-nine times.
 
In 2011, Shah Rukh was directed to provide relevant documents including the purchase of players, revenues, advertising details and the team's shareholding pattern.
 
During Tuesday's questioning, officials said Shah Rukh cooperated with the investigators and also provided relevant documents pertaining to the deals.

MORE Bollywood ARTICLES

Vishal Bharadwaj Big Support For My Film: Meghna Gulzar

Vishal Bharadwaj Big Support For My Film: Meghna Gulzar
Meghna, who is known for her films like "Filhaal" and "Just Married", said that it was a complete detour for her to attempt a movie like "Talvar". 

Vishal Bharadwaj Big Support For My Film: Meghna Gulzar

Bollywood Actresses Speak Up Againt Cyber Bullies

Bollywood Actresses Speak Up Againt Cyber Bullies
Priyanka, Sonam and Sonakshi have put up a united front against Twitteratis, who mock female celebrities for their views on socio-political issues.

Bollywood Actresses Speak Up Againt Cyber Bullies

Whenever I See 'FAN', I Become Arrogant: SRK

Whenever I See 'FAN', I Become Arrogant: SRK
Superstar Shah Rukh Khan, who has completed the shooting of Maneesh Sharma's directorial "Fan", says he becomes "arrogant" every time he sees the film.

Whenever I See 'FAN', I Become Arrogant: SRK

SRK Ready To Work With Wesley Snipes 'Whenever'

SRK Ready To Work With Wesley Snipes 'Whenever'
SRK, 49, then took to Twitter to confess that he is a fan of Snipes.

SRK Ready To Work With Wesley Snipes 'Whenever'

After 'Dheere Dheere', Sonam Wants Film With Hrithik

After 'Dheere Dheere', Sonam Wants Film With Hrithik
Actress Sonam Kapoor says that after the success of "Dheere Dheere", a romantic single recreated and sung by rapper Yo Yo Honey Singh, she and Hrithik Roshan should team up for a movie.

After 'Dheere Dheere', Sonam Wants Film With Hrithik

Watch: 'Shaandaar's' Gulaabo Song Gets Over 3 Million Views

Watch: 'Shaandaar's' Gulaabo Song Gets Over 3 Million Views
"Gulaabo", the much-anticipated first song from "Shaandaar", has received over 2.6 million views in less than 24 hours since releasing on YouTube.

Watch: 'Shaandaar's' Gulaabo Song Gets Over 3 Million Views