August 21, 2026 07:51 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Rahul Gandhi stages dharna at Delhi police station over CJP protest crackdown, targets Amit Shah | CJP school tour turns chaotic in Jaipur: Cars vandalised, stones pelted as Ashutosh Ranka alleges BJP ‘goons’ attack | Vande Mataram row: Kangana Ranaut slams Sharmila Tagore, says ‘come out of Hindu-Muslim mindset’ | Jadavpur erupts again: ABVP-SFI clash, police barricades shattered as fresh tension grips area | Ex-Congress MP and 1984 anti-Sikh riots convict Sajjan Kumar dies while serving life sentence | India hits back at Pakistan: Structures outside High Commission demolished in Delhi | ‘Don’t daydream about my bedroom’: Kangana Ranaut fires back at Ramdev over ‘Gen Z’ row | Jadavpur University erupts at midnight: ABVP-Left student groups clash over meeting, BJP-CPI(M) leaders trade barbs | Vijay govt calls for action to stop students, youth from joining CJP, Left protests | Kolkata hotel fire kills 9: Bengal Minister Agnimitra Paul targets ex-TMC govt, CESC over licences

Shah Rukh Khan questioned by ED over alleged IPL irregularities

| | Nov 11, 2015, at 07:46 pm
Mumbai, Nov 11 (IBNS) Actor Shah Rukh Khan has been questioned by the Enforcement Directorate regarding the alleged undervaluation of the shares of the company that holds his IPL team, Kolkata Knight Riders, media reports said.

Juhi Chawla and her husband Jay Mehta - who, along with  Khan, are co-owners of the Knight Riders Sports Private Limited -- were also summoned.

Reports said the officials questioned Khan for about three hours on Tuesday.

It is alleged that five million shares of Knight Riders Sports Private Limited were allegedly undervalued when they were sold to  Mehta's Mauritius-based company, Sea Islands Investments Ltd, in 2008.

The Enforcement Directorate is investigating whether the shares of the team were undervalued as it could be a violation of the provisions of Foreign Exchange Management Act.

"KKR is suspected to have violated FEMA (Foreign Exchange Management Act) norms," sources in the Enforcement Directorate told NDTV.

Khan was quizzed in 2011 for allegations that KKR had received illegal money transferred from certain foreign tax havens.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.