Tuesday, November 8, 2011

ED questioned SRK for over 7 hrs on KKR shareholding, ‘proxy’ ownership



After attending launch parties for Ra.one, and witnessing some F1 action in Delhi, superstar Shah Rukh Khan spent his entire Saturday answering questions from the Enforcement Directorate at the agency’s zonal office in Nariman Point in Mumbai. He is understood to have been questioned for almost seven hours on November 5. Officials said the actor was accompanied by his accountant and was “very helpful” with information.


The marathon questioning session was in connection with Khan’s majority shareholding in his IPL team, Kolkata Knight Riders, and the franchise agreement signed between Knight Riders Sports Pvt Ltd (KRSPL) and the Board of Cricket Control of India (BCCI) in 2008.
The allegation being investigated by the ED is that of “proxy shareholding” in the franchise as well as a bid to ascertain the valuation — and basis of subsequent transfer — of shares of KRSPL.

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