Wednesday, November 9, 2011

Shah Rukh Khan quizzed in IPL investigation


Dhaka, Nov 9 —Bollywood actor Shah Rukh Khan, also an owner of Indian Premier League (IPL) team Kolkata Knight Riders (KKR), has been questioned by the Indian Enforcement Directorate (ED) in connection with the ongoing investigation in IPL season two, local media say.

Quoting sources in ED, The Hindustan Times said on Tuesday that Khan was questioned on investments in KKR, the share holding pattern, buying of players, money spent on advertisements for promotion of the team, and profit and loss.

Sources told The Hindustan Times that Khan was asked to explain the source of money used for various expenses.

He was quizzed at the agency's Nariman Point office for about six hours on Saturday, The Hindustan Times quoted sources.

The ED along with the income tax department is investigating investments into IPL teams by various franchises and share holders, and also the awarding of contracts pertaining to various rights of IPL season two.

The directorate is working on information that some franchises received parts of investments by routing funds through tax haven countries.

The ED had filed a case in April last year under Foreign Exchange Management Act (FEMA) against sacked IPL commissioner Lalit Modi.

bdnews24.com

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