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.

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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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News Network
January 27,2020

Los Angeles, Jan 27: Lil Nas X, Lady Gaga, Beyonce and... Michelle Obama?

Yep.

The former first lady can now add Grammy winner to her resume, after snagging the award on music's biggest night for Best Spoken Word Album, for the audiobook of her memoir Becoming.

Her win on Sunday gives the Obama household its third Grammy: former president Barack Obama has already snagged two Grammys in the same category for his books.

She faced an eccentric group of rivals that included Michael Diamond and Adam Horovitz of the Beastie Boys for Beastie Boys Book and John Waters, the director-performer known for his transgressive cult films, for Mr. Know-It-All.

 Released in late 2018, Becoming saw the former first lady slam U.S. president Donald Trump for questioning her husband's citizenship and promoting the notion that he was born abroad.

"The whole [birther] thing was crazy and mean-spirited, of course, its underlying bigotry and xenophobia hardly concealed," Obama wrote.

America's first black first lady also dug into her personal life in her book, expounding on issues including a miscarriage, using in-vitro fertilization to conceive her daughters and marriage counseling.

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News Network
June 19,2020

New Delhi, Jun 19: After the recent sudden demise of Sushant Singh Rajput, actor Kangana Ranaut who went public slamming nepotism in the Hindi film industry, has now revealed that she faced similar struggles like that of Sushant.

In a new statement, the "Queen" actor alleged that she was asked to apologise to Hrithik Roshan's family in order to survive. Both Kangana and Hrithik had been in the public spotlight in the year 2016 over their alleged former relationship and legal battle.

The 'Queen' actor said: "Once Javed Akhtar had called me to his house and told me that Rakesh Roshan and his family are very big people. If you don't apologise to them, you will have nowhere to go. They will put you in jail, and eventually, the only path would be that of destruction...you will commit suicide. These were his words. Why did he think if I don't apologise to you will have nowhere to go. They will put you in jail, and eventually, the only path would be that of destruction...you will commit suicide. These were his words. Why did he think if I don't apologise to Hrithik Roshan, I would have to commit suicide? He shouted and yelled at me. I was shaking in his house,"

She further continued, "Were there people calling Sushant? Were there people putting such thoughts into his mind? I have no idea, but obviously, he was in a similar situation. In his interviews, he had said that nepotism cannot co-exist with talent because they don't allow the right talent to come up. I can relate to it, and hence I am raising questions. I want to know who played the catalyst in this situation?"

Kangana adds, "I know Sushant had a big fallout with Aditya Chopra also. When I refused Sultan, he had threatened he would never work with me. Ever since our industry ganged up on me. I remember so many times feeling really lonely and feeling what will happen to me..."

The 'Manikarnika' star also revealed that all this not only happened to her professionally but personally as well it hampered her relationships. "They are very insecure about things. Despite what they did to me, there was a guy who wanted to get married to me. But he distanced himself, they made sure he ran away. With no surety about my career, my love-life completely has gone awry, with six court-cases against me, they're still trying to put me in jail."

Kangana also talked about herself: "I'm a different person; I'm very expressive. I went out there, and I just vented it out. Sushant was not a person like that at all. He just bottled it up. Media too has played a considerable part in this--the kind of monster image that was given to him. Everybody who knew him closely agrees that he was a soft and emotional person. I think that after a point it really got to him. I can understand it because even I have been portrayed as a witch and as a stalker."

Sharing that the bullying and outbursts had a psychological impact on her life situations, Kangana says, "I remember initially when people used to come to my home, I felt so embarrassed to even offer them water. Forget having a relationship or going on a date post the disaster of a relationship I had. I can only imagine that even during Manikarnika what they did to me."

Talking about the 'Kai Po Che' star, she added, "But perhaps he was just not able to vent. In fact, all these constant jibes on these petty show that he should be killed and which rated him as the least efficient... his films have done more business than your Gully Boy. People like Salman Khan said who Sushant Singh Rajput? It was after M.S. Dhoni: The Untold Story, everybody knew who Sushant was. We need to stop these."

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