Kolkata Knight Riders Summoned By Enforcement Directorate Over Alleged Forex Violation
- 9 years ago
Looks like IPL team owner and Bollywood’s richest actor Shah Rukh Khan is heading into troubled waters! And how?
While on one hand, King Khan’s IPL team Kolkata Knight Riders has been playing well on the field, on the other we hear that Enforcement Directorate has summoned King of Romance to appear before it in connection with Forex violations. Ouch!
An IPL franchisee, the Knight Riders Sports Pvt Ltd is suspected to have violated Foreign Exchange Management Act norms by undervaluing its shares in a transfer deal with Jay Mehta’s overseas company, Sea Island Investments Ltd. Wah…really?
Well, Mehta is the leading light of Mehta Group, a multi-business entity in control of assets worth over USD 400 million in Britain, India, North America and Africa.
This is not the first time when the actor is being examined in such a case. He was questioned four years ago in Mumbai also. Stay tuned!
While on one hand, King Khan’s IPL team Kolkata Knight Riders has been playing well on the field, on the other we hear that Enforcement Directorate has summoned King of Romance to appear before it in connection with Forex violations. Ouch!
An IPL franchisee, the Knight Riders Sports Pvt Ltd is suspected to have violated Foreign Exchange Management Act norms by undervaluing its shares in a transfer deal with Jay Mehta’s overseas company, Sea Island Investments Ltd. Wah…really?
Well, Mehta is the leading light of Mehta Group, a multi-business entity in control of assets worth over USD 400 million in Britain, India, North America and Africa.
This is not the first time when the actor is being examined in such a case. He was questioned four years ago in Mumbai also. Stay tuned!