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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
March 27,2020

New Delhi, Mar 27: By posting a stunning picture of herself, actor Kareena Kapoor Khan on Friday motivated people to stay strong during the tough times that the country is facing amid the coronavirus crisis.
The actor took to Instagram and posted a high-on-style picture of herself clicked from behind.
In the picture, the 'Jab We Met' actor is seen standing in front of make-up mirrors that had lights adding on to the shine of the picture.
"Nothing can dim the light that shines from within... Stay strong. We can and we will," she captioned the picture in which she is seen wearing a blue bodycon dress having puffy sleeves.
The glamourous picture received scores of comments from the celebrated actor's fans.
With the entertainment industry under shutdown, many celebrities are self-isolating them to prevent the spread of COVID-19.
The number of people who have tested positive for the coronavirus rose to 724 on Friday, according to the Ministry of Health and Family Welfare.

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News Network
June 26,2020

New Delhi, Jun 26: At a time when the nation has still not come to terms with Sushant Singh Rajput's death, a shocking case of 16-year-old TikTok star SIya Kakkar has shocked everyone. The social media sensation committed suicide on June 25 at her residence in Delhi. The reason behind her death is still unknown and, as per the latest reports, the police investigation is underway.

The tragic news has made her fans extremely sad and, condolences are pouring in across social media. "16 Year Old Tik Tok Star Siya Kakkar Commits Suicide.She had all the fame, over 1M followers on Tik Tok, a lakh followers on Insta. I just can't understand what is happening with people? Why would a 16 year old commit suicide? It is getting worse day by day. Om Shanti", wrote a Twitter user.

Another tweeted, "#siyakakkarSuicides are increasing day by day we have to put efforts to stop it.Please try to understand other peoples help them if they are worry Give them space if they http://need.Love selflessly".

She had over 1.1 million followers on TikTok and 113k followers on Instagram.

Just 11 days back, actor Sushant Singh Rajput;s suicide case shocked the nation. On June 14, the actor was found hanging in the bedroom of his rented accommodation in the Mount Blanc building off Carter Road at Bandra.

 
 
 
 

 
 
 
 
 
 
 
 
 

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coastaldigest.com news network
August 3,2020

Mumbai, Aug 3: In a significant statement, Mumbai Police chief Parambar Singh on Monday said that actor Sushant Singh Rajput was “emotionally disturbed” after the death of his ex-manager Disha Salian.

“When he saw his name being linked to Disha Salian’s death on social media, he was emotionally disturbed. He had met Disha Salian only once, he even asked his advocate who she was,” Singh told reporters in Mumbai.

According to him, Sushant Singh Rajput was conscious about what was appearing about him on social media.

Singh also rejected allegations that Mumbai police had not sealed the Bandra duplex flat where the actor ended his life.

“The flat was sealed on June 14 itself (the day of the suicide), the next day, on June 15, forensic teams and doctors visited the flat. Only after that, the flat was unsealed,” Singh said.

The police chief also ruled out that a party was held in the flat on June 13 evening. “We have the CCTV footage of June 13 and 14,” he said.

On the quarantining of Bihar IPS officer Vinay Tiwari in Mumbai, Singh said that he does not have knowledge of this. “The BMC should have knowledge of this. They look into quarantine issues, we do not,” he said.

Singh said that the investigations are ongoing and so far 56 statements have been recorded. “We are in touch with experts, doctors,” he said.

On the bank accounts, he said that during their investigations it has come to light that Rs 4.5 crore was there in the form of deposits.  “We have recorded the statement of his current chartered accountant, former chartered accountant, we have checked the bank statements, ledger,” he said, adding that investigations are still underway.

According to the FIR filed by Sushant Singh Rajput’s father Krishna Kumar Singh in Patna, his son’s money was swindled by his girlfriend Rhea Chakraborty and her family members.

“The Mumbai Police is investigating the case thoroughly, from all possible angles, including his family members, friends, doctors and others, besides the details of the financial transactions of Sushant’s bank accounts,” Singh said.

To a query on the name of a prominent Maharashtra politician being dragged in social media, Singh categorically said that the investigations have not shown any such thing.

Singh also said that the Mumbai police had “initially recorded” the statement of the family members. “The statements of father and sisters were recorded on June 16,” he said, however, added that they have not responded to requests later on.

He said that the Mumbai Police has extended all cooperation to the family. “Sushant Singh Rajput’s sister and brother-in-law met our joint commissioner of police. They wanted to go to the Pune bungalow in Pawna area. An assistant commissioner of police accompanied them,” he said.

Who is Disha Salian?

Disha Salian hails from Karnataka’s coastal district of Udupi. She was born in 1992 into a business family background. She reportedly migrated to Mumbai with her family at an early age. 

After completing her education, she worked in the Times of India Group for more than three years. She went on to become the celebrity manager at Media Vantage.

Apart from Sushant, she had great links with many popular celebrities like Bharti Singh, Alisha Panwar, and others.

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