Kolkata Knight Riders co-owners, Bollywood superstar Shah Rukh Khan, actress Juhi Chawla and her husband Jay Mehta, have been served Enforcement Directorate (ED) summons for allegedly violating FEMA norms, official sources said here on Wednesday.
The ED move follows a notice sent in March this year and SRK and others would be required to appear before the agency by the May-end.
An IPL franchisee, the Knight Riders Sports Pvt Ltd is suspected to have violated FEMA (Foreign Exchange Management Act) norms by undervaluing its shares in a transfer deal with Jay Mehta’s overseas company, Sea Island Investments Ltd.
However, none of the co-owners have officially reacted to the development.
A co-owner of KKR – among the highest valued IPL franchisee brands – Mehta is the leading light of Mehta Group, a multi-business entity in control of assets worth over USD 400 million in India, Britain, Africa and North America.
With inputs from IANS
Matter Smjj Se Bhahr Hai Ye :P Not even intrsted in knowing it B.t.w Juhi Chawla iz Still Quite SexXxy . juhi chawla & Strawberry Shake my favrt Combination …bUahaha .
What was the purpose of posting this shit ?
This is not related to bollywood either then why indicine posted this ?
this article was a Bouncer… :(
Ok their problem. Though SRK doesn’t handle the finances or shares so it’s down to the CEO venky.
thank god .
haters now cant say that indian ed nd incometax dept are also run by srk.
CSK owner given valuation of franchise 5lakh to BCCI…..reason behind it is they have 2 pay 5% of it to BCCI……money rules in cricket
On 1 side We have Salman Khan,whos 70% of the Earnings goes in to BH,who gave more than 50 crores for charity in just last 3 years,600 kids gets Operated every year from the money collected through BH foundation,whose Charity speaks Volume and its just Tip of the Ice Berg of how much He exactly does because he dont want to showw off.Its just Media that will Reveal all his work because they are all the time Behind Salman Khan for News.
On another side there is this SRK,who inspite of Having so much Money,Undermines the Valuation of Shares of KKR to fool the Tax Authorities so that he can Earn little more..Shame.
Diffrence bw Being Human and Human Being
1 day news will reveale that KKR N RCB fix matches… shahrukh n mallya sits togethr n returns favours by letting other team win …i kkr is fixed in playoff they help rcb… if rcb is out then they help kkr …
I don’t believe this….
Our king is good man just like gabbar
Its not right to call @iamsrk a movie star coz 95% of his income comes from other sources.
why srk fail to delover good movies…n making craps like CE…HNY… JAB TAK.. RA1..
REASON – IN LAST 7-8 YEAR HE TURNED BUSINESSMAN…NOT AN ACTOR…so his businessmind tells him to do multistarrer…work with shetty n all…
King of Bollywood will definitely handle this.Coz he is God gifted mind.
Amazing person greatest entertainer on this universe.
Well said by rangil.
In simple words this is called ‘Tax ki chori’ by undervaluing your company assets and shares !!!!!!!!!!!!!!!
SRK and Juhi
best jodi of bollywood all time.
He is a criminal, Salman is a murderer, so don’t support them. Don’t watch their films. Boycott their films!
upar se paar hogaya
srk the most corrupt actor