Shah Rukh Khan 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, 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.

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61 Comments

  • Bade bade shehron mein aisi chhoti chhoti baatein hoti rehti hai……………
    btw i hav heard that dilwale trailer has broken many youtube records

  • Why Dilwale trailer is one of the worst trailers
    1.We get 18 seconds of logos reminding you who paid for this abomination on humankind.
    2.“Sabke paas dil hota par har koi dilwala nahi hota,” the trailer informs us (we’relooking at you Rohit Shetty). SRK tries his best to remind you he’s still young. At least that’s what the bad face lift was for, we assume.
    3.This is then followed by 10 whole seconds of Rohit Shetty blowing his own trumpet or tooting his own horn (whatever floats your boat). Are you really feeling proud of Bol Bachchan and All The Best?
    4.Shots of SRK and Kajol in various badly greenscreened locations are followed by Varun Dhawan’s ‘faadu’ entry which doubles up as a reminder that one day we will get Golmaal 4/Fast & Furious 5.
    5.Varun looks up at a statue of Jesus and probably thinks, “Jejus,take the wheel.” Because he is driving rashly. What a rebel he is.
    6.Oh here’s the obligatory Johnny Lever cameo with the obligatory gay joke because we love Johnny Lever. And gay jokes. Our memories of Mr Almeida are now permanently soiled.
    7.By now Boman Irani should straight up start calling himself “angry parsi man” because that’s all he does. Sanjay Mishra, whom we loved so much in Masaan only recently reminds us that deep down,we are all sell-outs.
    8.More drifting. More car stunts. More explosions. Because they had all that Happy New Year money just lying around, and they thought: Screw it. Cars exist. They must be destroyed.
    9.And just in case you forgot who directed this pile of garbage, the modest perpetrator’s name pops upon the screen yet again.
    10.“15 saal,” growls little-SRK-riding-hood, doing his best desi Batman impression. “15 saal,” we agree. That’s 15 saal of memories down the drain.
    11.Movie: “Aaj ke baad apna chehra mat dikha, warna jaan le lunga.”
    Us:?“K”
    12.And there’s the fifth time Rohit Shetty reminds you that he’s the man you so desperately want to murder.
    13.We would have never forgiven youanyway for making us wait for Star Wars a week longer, this trailer is only an insult to injury. You see people, this is why we can’t have good things.

  • Bwahahahahaha, ab toh roz hi news aa rhi h SRK ki controversies ki. ?
    Those Sharookians who think only Salman is criminal, don’t worry SRK will soon be in that league for money embezzlement and Salman will be out of it bcoz of his humanitarian deeds. ?

  • Dilwale trailer has received negative response on YouTube. Almost every top comment has bashed the trailer, from poor vfx to poor acting. One comment said it will watch Bajirao Mastani over dilwale and it received overwhelming no of likes.
    On comparison there is not even a single negative top comment on Bajiraoo Mastani trailer/ song videos. Every comment is praising the film from cinematography to sets and music.
    Beware Diwale team, Bajirao is coming. He is sure to win.

  • I heard SLB and Eros executives started laughing after viewing Dilwale trailer and are already celebrating the success of BM, which is now totally guaranteed to become biggest blockbuster of december 2015.

  • don’t know y , some ppl want to pull him down just bec he is the most powerful person in India, the biggest star? love you SRK, we are with you, take care and congrats for Dilwale trailer which broke all records on youtube and will be blockbuster on boxoffice too. love you king.

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