Summons for Shah Rukh Khan over foreign exchange violations!

 
Summons for Shah Rukh Khan over foreign exchange violations!

According to media reports, Bollywood superstar Shah Rukh Khan has been summoned by the Enforcement Directorate (ED) over alleged foreign exchange violations related to his ownership of the IPL team Kolkata Knight Riders.


A notice has been issued by ED over alleged irregularities in the valuation of shares of Knight Riders Sports Limited that were transferred to Mauritius-based Sea Island Investment Limited. As per reports, Shah Rukh has been asked to appear for questioning by the month-end.


The actor was questioned once before on money from foreign tax havens allegedly being invested in the multi-crore Indian Premier League (IPL).


In the month of March, a leading daily had reported that the ED had stumbled on audit findings indicating forex violations of around Rs 100 crore related to the Kolkata Knight Riders.


The leading daily had quoted its sources saying that an audit done by Choksi & Choksi for the ED concluded that the transfer of shares between Knight Riders Sports Pvt Ltd and Jay Mehta-owned Sea Island Investment was undervalued by the entities involved.


 
 

 
Latest News
 
 
 
popular News
 
 
 
 
 
 
 
 
 
 
 
 
MOST POPULAR
TRENDING MOVIES
Release Date :
2017-02-17
0 Reviews

 
Release Date :
2017-02-17
1 Reviews

 
Release Date :
2017-02-10
1 Reviews

 
Release Date :
2017-02-10
0 Reviews

 
Release Date :
2017-03-03
0 Reviews

 
Release Date :
2017-03-10
0 Reviews

 
Release Date :
2017-03-10
0 Reviews

 
Release Date :
2017-03-10
0 Reviews

 
 
 
RECENT REVIEWS
2.5

Sanket Porwal

My only hope from Raees was that it serves me some nice irreverent entertainment for couple of hours......Read the full review
  • 0
  • 0
  • |
  • 3 Weeks ago
  • |
  • 96
 

Sanket Porwal

I would have never bothered to watch XxXxanderCage had it not been for Deepika. And I am happy to re......Read the full review
  • 0
  • 0
  • |
  • 3 Weeks ago
  • |
  • 90
 

Sanket Porwal

Kaabil is a very fine film. It has got a story and treatment that is seeped in formulas churned ampl......Read the full review
  • 0
  • 0
  • |
  • 3 Weeks ago
  • |
  • 101
 

Mahesh Jagadale

The movie Raees & Kaabil are really giving tough fight to each other, first two days audience loves ......Read the full review
  • 0
  • 0
  • |
  • 3 Weeks ago
  • |
  • 109
 
POPULAR ON CnS
 

Follow Us

Copyright © ClapsnSlaps, Inc 2017.
SBB Venture Pvt. Ltd. All rights reserved.

The content on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of clapsnslaps.com