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ED questions Shah Rukh Khan over sale of Knight Riders shares

[email protected] (Agencies)
November 11, 2015

Mumbai, Nov 11: The Enforcement Directorate has recorded the statement of Bollywood actor Shah Rukh Khan in a matter of alleged irregularities in the sale of shares of Knight Riders Sports Pvt Ltd (KRSPL) to a Mauritius-based company.

sharukh"We recorded Khan's statement yesterday in connection with the violation of Foreign Exchange Management Act," ED sources here said.

The case, dating back to 2008-09, pertains to the share sale of KRSPL, owned by Khan's Red Chillies along with Juhi Chawla and her husband, to a Mauritius-based company owned by Chawla's husband Jay Mehta.

ED is probing allegations that shares sold to the Jay Mehta-owned Sea Island Investments were undervalued by eight to nine times.

Khan had faced ED once in 2011 when he was questioned about alleged foreign exchange violation of around Rs 100 crore.

At the time of incorporation in 2008, Red Chillies had 9,900 shares of KRSPL. The valuation report, made by ED's external agency last year, said that when the equity shares of KRSPL were issued to Sea Island Investments, the fair value per equity share of KRSPL should have been between Rs 70-86. However, the shares were issued at a value of Rs 10 each.

According to the Foreign Exchange Management Act (FEMA), the price of shares issued to persons residing outside India should not be lower than the price worked out under the guidelines set by stock market regulator SEBI in case of a listed company, or on the basis of fair valuation of shares by a chartered accountant as per guidelines of the erstwhile Controller of Capital Issues (CCI).

Officials said that Khan cooperated with them and has provided them with some documents related to the transfer of shares.

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News Network
June 19,2020

Mumbai, Jun 19: The Mumbai Police, probing the   case of alleged suicide of Bollywood actor Sushant Singh Rajput, has sent a letter to Yash Raj Films, seeking details of the contracts it had signed with him, an official said on Friday.

Rajput, 34, known for films like Kai Po Che!, MS Dhoni: The Untold Story, Chhichhore, was found hanging in his Bandra apartment on Sunday, sending shockwaves in the film industry and elsewhere.

"Police are investigating various angles, including that of professional rivalry, in the case," the official said. So far, Bandra police have recorded the statements of over 13 people, including Rajput's family members and close friends like actor Rhea Chakraborty and casting director Mukesh Chhabra.

 "Keeping in view the professional angle, police have started calling some prominent production houses for inquiry. As part of that, police on Thursday sent a letter to Yash Raj Films, seeking details of all the contracts it had signed with the deceased actor," a senior police officer said.

"We have also asked for the copies of the contracts that Yash Raj Films had signed with the actor," he added.

In the next few days, police may also call those people, who had played a role in signing of contracts between the actor and the production houses for their projects, the officer said.

 Rajput had worked in two Yash Raj Films movies - Shuddh Desi Romance (2013) directed by Maneesh Sharma and in director Dibakar Banerjee directed Detective Byomkesh Bakshy! (2015).

His third film with the banner was supposed to be Paani, directed by Shekhar Kapur. However, YRF had reportedly backed out of the project later.

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Agencies
March 1,2020

Washington D.C., Mar 1: British actor Daniel Radcliffe in a recent interview said he is not rushing back to reprise the role of young wizard, Harry Potter, anytime soon.

The 30-year-old star who rose to fame with the first eight films in J.K. Rowling's famed franchise, told Variety that he doesn't like to say no to things but reprising the role in the 'Fantastic Beasts' prequels is not something he's "rushing to do".

"I feel like those films have moved on and they're doing just fine without us. I'm happy to keep it that way. I like what my life is now," Radcliffe told the outlet.

"I'm not saying that I'll never go back into any franchise, but I like the flexibility that I have with my career now. And I don't want to get into a situation where I'm signed up for one series for years in advance," cited Variety as Radcliffe as saying.

Radcliffe is currently gearing up for his upcoming mystery-thriller 'Escape from Pretoria,' a true-life prison drama, where he is set to essay the character Tim Jenkin.

The forthcoming flick is set to hit the theatres on March 6.

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Agencies
August 2,2020

Mumbai, Aug 2: Oscar-winning director Alfonso Cuaron has come aboard as an executive producer on filmmaker Chaitanya Tamhane's movie The Disciple. The Marathi feature is set to represent India at the 77th edition of the Venice Film Festival. It will be screened in the Competition section of the prestigious film gala.

The movie, which is Tamhane's follow-up to his National Award-winning feature Court, has also been selected for 2020 Toronto International Film Festival's official line-up.

"I met Chaitanya through a mentorship program where I had the opportunity to watch his very superb debut film, Court  I was immediately impressed by his sense of cinema and fearless confidence to tell stories.

"He was part of most of Roma's process and I jumped to the opportunity to be part of the process of his second film The Disciple. I believe Chaitanya is one of the most important new voices of contemporary cinema," Cuaron said in a statement.

Tamhane said he is honoured to have Cuaron aboard the film.

"It’s a bit surreal and an incredible honour for me to have one of the most recognised and acclaimed filmmakers in the world be part of 'The Disciple'. In some ways, this validation from Alfonso Cuaron is even more," he added.

The Disciple, a 127-minute long feature, stars Aditya Modak, Arun Dravid, Sumitra Bhave, and Kiran Yadnyopavit. It has been produced by “Sir” actor Vivek Gomber through his Zoo Entertainment Pvt. Ltd.

The Disciple marks Tamhane’s return to Venice after he won the Best Film - Orizzonti and Lion of the Future award for Court in 2014.

Court, a poignant commentary on India's judicial system, also won the National Film Award for Best Feature Film in 2015 and was India's official entry for the Best Foreign Film at the 2016 Oscars.

Endeavor Content will sell North American rights and New Europe Film Sales boards the film as an international sales agent.

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