Shah Rukh Khan has again been summoned by the Enforcement Directorate (ED) with regard to alleged foreign exchange violations of Indian Premier League team Kolkata Knight Riders' shares in 2008. This is the third time that the KKR co-owner has been summoned by the ED for the same reason.
According to reports, the shares of Knight Riders Sports Private Limited (KRSPL) were undervalued when they were transferred to a Mauritius-based company of Juhi Chawla and her husband Jay Mehta in 2008, which was later audited by an external firm in 2014.
"Khan had failed to appear in the earlier summons issued to him due to his busy shooting schedules. He is required to be present before the agency by first week of November," DNA quoted a source as saying.
"Shah Rukh's presence is required to conclude the investigation. Only after this, we could raise the demand order and show cause notice against the said violation," the report quoted an official.
It has been reported that the shares were eight to nine times undervalued by KRSPL and the case is being investigated under the Foreign Exchange Management Act (FEMA).
The report also stated that Juhi Chawla and Jay Mehta's statements have already been recorded in May this year and the investigating agency is now waiting for SRK to appear before it.
The actor has been busy these days for his upcoming release "Dilwale", which is slated to hit the theatres on 18 December.
