ED questions Shah Rukh Khan over sale of Knight Riders shares

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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 2,2020

Mumbai, Jul 2: The Mumbai police have summoned noted filmmaker Sanjay Leela Bhansali for questioning in connection with the Sushant Singh Rajput suicide case. According to several reports, casting director Shanoo Sharma too might be questioned in connection with the star’s death.

Reports also state that Kangana Ranaut and Shekhar Kapur, who are not directly involved with the investigation, are likely to be asked to record their statements.

The development comes days after the cops had asked for the details of SSR’s contract with Yashraj Films. The MS Dhoni actor had starred in Shuddh Desi Romance and Detective Byomkesh Bakshi, which were backed by the banner. He was supposed to team up with YRF for Paani, directed by Kapur, but the movie was on hold due to creative differences between the Mr India helmer and the production house.

Sushant died by suicide on June 14, leaving his near and dear ones in a state of shock. Following his demise, fans alleged that several Bollywood biggies had tried to sabotage his career as he was an ‘outsider’, reigniting the nepotism debate.

SSR, who hailed from Patna, made an impact in the TV industry before entering Bollywood with the sleeper hit Kai Po Che. He impressed fans with his performances in PK and Shuddh Desi Romance, consolidating his standing in the industry. It was, however, MS Dhoni that established him as a bankable star. Chhichore was his last theatrical release before his death. Drive, backed by Karan Johar, released directly on Netflix. His last film Dil Bechara is slated to release on Disney+ Hotstar on July 24.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
April 25,2020

Thiruvananthapuram, Apr 25: Malayalam actor Ravi Vallathol, well-known for his acting in television serials and movies, passed away on Saturday at a hospital here, family sources said.

Vallathol, son of drama legend T N Gopinathan Nair and Soudamini, was the nephew of the famous Malayalam poet Vallathol Narayana Menon.

The veteran actor had appeared in around 50 Malayalam movies and more than 50 television serials starting from1986 with the serial 'Vaitharani' on Doordarshan.

Kerala Chief Minister Pinarayi VIjayan expressed condolences on the passing away of the actor.

"He had an extraordinary ability to immortalise the characters with a wide range of emotions," Vijayan said, adding that, his demise was a loss to both theatre, film and TV serial industry.

Opposition Congress leader Ramesh Chennithala also condoled the demise of the Vallathol.

Chennithala remembered Vallathol as a brilliant writer and social activist. Vallathol made his film debut in 'Swathi Thirunal' directed by the late Lenin Rajendran in 1987.

He had also played versatile characters in hit movies movies including Godfather, Mathilukal, Sargam, Vidheyan, Kottayam Kunjachan, Naalu Penningal, Idukki Gold among others.

He has penned more than 25 short stories among which two were adapted into television series.

He is survived by his wife Geethalakshmi.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 27,2020

Patna, Jun 27: As Sushant Singh Rajput’s family tries to come to terms with his loss, they have decided to honour his legacy and celebrate his passion for cinema, science and sports.

In an emotional statement shared on Saturday, the Bollywood actor’s family remembered him as a “free-spirited” person who worked hard to turn his dreams into reality.

“He was free-spirited, talkative and incredibly bright. He was curious about just everything. He dreamed without restraints, and chased those dreams with the heart of a lion. He smiled generously. He was the pride and inspiration of the family,” the statement read.

Rajput, 34, known for films like Kai Po Che!, MS Dhoni: The Untold Story and Chhichhore, was found dead in his Bandra apartment on June 14, sending shockwaves in the film industry and elsewhere.

The family said that the actor’s untimely demise has created an irreparable void in their lives.

“We can’t bring ourselves to accept that we wouldn’t get to hear his easy laughs anymore. That we wouldn’t see his sparkling eyes again. That we wouldn’t hear his endless rants about science again. His loss has created a permanent, glaring void in the family that will never be filled.”

Thanking his admirers for being a constant support as they try and recover from the loss, the family added that Rajput, “truly loved and cherished every single one of his fans.”

The actor, who made the storybook transition from Patna boy to television and then the starry lights of the Hindi film industry, was the youngest of five siblings and is survived by his father and four sisters. His mother had passed away in 2002 when he was a young teen.

To honour his memory and legacy, the family has decided to set up Sushant Singh Rajput Foundation (SSRF) that will support young talents in cinema, science and sports.

His childhood home in Rajiv Nagar, Patna, will be turned into a memorial, where all his personal memorabilia and belongings, that include thousands of books, his Meade 14’’ LX-600 telescope, flight-simulator, will be on display for his fans and admirers.

The actor’s family, who used to fondly call him Gulshan, will also maintain his social media accounts as legacy accounts to keep his memories alive.

Rajput started his acting career with television after dropping out from Delhi Technological University in the early 2000s. He was one of the few talents to have made a successful transition to movies.

The actor made his Bollywood debut in 2013 with Kai Po Che!. In past seven years, he had featured in a number of hits including blockbusters Neeraj Pandey’s MS Dhoni: The Untold Story and Chhichhore by Nitesh Tiwari.

Tiwari’s 2019 hit was Rajput’s last theatrical release.

On Thursday, it was announced that Dil Bechara, which is the actor’s last movie he shot for, will premiere on Disney + Hotstar on July 24.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.