Shah Rukh Khan Gets ED Summons in Kolkatta IPL Team Finances

Shah Rukh Khan Gets ED Summons in Kolkatta IPL Team Finances

Kolkatta Knight Rider team co-owner Shah Rukh Khan has been summoned by the enforcement directorate on violations of foreign exchange laws amounting to 100 Crores and undervaluing of the shares for KKR. Shar Rukh Khan is the co-owner of the team along with his wife Gauri, Juhi Chawla and her husband Jai Mehta. Its said that the ED had did a independent audit of the firm and found that the trail of the amount links to various firms in Dubai and Mauritius, and are possibly looking at way the shares were undervalued by Khan and then transferred to a company in Mauritius. Shah Rukh has been summoned for questioning in his capacity as an owner of the team and has been asked to appear in Mumbai before end of May. He was also questioned a few years back on allegations of illegal foreign investments in the team.

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