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SRK quizzed over KKR share sale forex violation
short by Jatan Desai / on Wednesday, 11 November, 2015
The Enforcement Directorate (ED) on Wednesday questioned Shah Rukh Khan, co-owner of Knight Riders Sports Pvt Ltd, over foreign exchange violation in the sale of the shares of the company. The shares, sold to co-owner Jay Mehta's Mauritius-based company, were allegedly undervalued by eight to nine times. The ED reportedly recorded SRK's statement and received relevant documents from him.
read more at The Economic Times