Mumbai: Bollywood actor Shah Rukh Khan is in trouble now and he was questioned by ED over FEMA violation for more than 3.5 hours, this is related to the sale of his IPL team Kolkata Knight Riders.
Shah Rukh Khan who is busy in shooting of ‘Dilwale’ has recently released the trailer. The trailer launch event was successful and the actor was showered with praises for his performance. Now the actor was questioned by ED over FEMA violation.
This has caused some troubles to the actor. ED means Enforcement Directorate and FEMA means Foreign Exchange Management Act. He was recently summoned by the ED over an issue pertaining to FEMA violation case which can be back tracked to the year ’08.
SRK was questioned for more than 3.5 hours on this issue which was related to the sale of his IPL team Kolkata Knight Riders. In 2008, SRK sold shares of his IPL team for a low price compared to the one fixed by Securities and Exchange Board of India (SEBI).
The investments are sold to ea Island Investments Ltd which is owned by Juhi chawla’s hubby Mr. Jay Mehta. It has to be noted that Juhi and SRK share a good bonding. Now the actor was accused of violating the rules and FEMA guidelines. The mishap was found when the audit check was conducted.