The Enforcement directorate has again issued summons to Kolkata Knight Riders co-owner Shah Rukh Khan for allegedly violating Foreign Exchange Management Act (FEMA) norms.
The ED had earlier sent a notice to Shah Rukh Khan in May 2015.
The Kolkata Knight Riders Sports Pvt Ltd, co-owned by Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta, is suspected to have violated FEMA norms by undervaluing its shares in a transfer deal.
According to reports, the ED believes that the KKR shares sold to a Mauritius company in 2008 were undervalued.
The actor is said to have sought more time to appear before the ED, citing that he is out of town for a few days.
ED summons Shah Rukh Khan over sale of IPL team
Tuesday, October 27, 2015 12:07 IST
