ED again summons SRK over Knight Riders share sale

October 27, 2015 09:26

The Enforcement Directorate has issued third summons to Shah Rukh Khan in connection with the share sale of Knight Riders Sports Pvt Ltd, the franchise owned by his company Red Chillies Entertainment Private Limited in partnership with actor Juhi Chawla and her husband Jay Mehta.

The matter pertains to the 2008 share transfer, audited by an external firm in 2014. It noted that shares sold to Jay Mehta-owned Sea Island Investment were 8-9 times undervalued by Knight Riders Sports Pvt Ltd.

This would be the second round of questioning of SRK by ED after 2011 on the KRSPL deal for the alleged forex violation of around Rs 100 crore.

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