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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News Network
February 9,2020

New Delhi, Feb 9: Senior Bharatiya Janata Party (BJP) leader LK Advani got emotional while watching the movie "Shikara: The Untold Story Of Kashmiri Pandits". It is a Hindi-language period film produced and directed by Vidhu Vinod Chopra, based on the exodus of Kashmiri Pandits from Kashmir.

In a video clip, the political veteran is seen trying to hold back his tears at the end of the film while Mr Chopra rushes to console him. Other people around them were also seen getting emotional and congratulating the filmmaker for the movie.

"Shikara" is about how Kashmiri Pandits were forced to flee from their houses in the Kashmir Valley in early 1990, in the wake of insurgency. The filmmaker said the film showcases how Kashmiri Pandits rebuilt their lives in the aftermath of the tragic event.

Featuring Aadil Khan and Sadia, Shikara released on February 7. Vidhu Vinod Chopra, who is from Kashmir, dedicates his movie to his mother, who died in 2007.

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Abdul Gaffar Bolar
 - 
Monday, 10 Feb 2020

Does this man know the trouble and pain of humans???

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News Network
April 14,2020

Mumbai, Apr 14: Maharashtra Health Minister Rajesh Tope has thanked Bollywood superstar Shah Rukh Khan for providing 25,000 personal protective equipment for health workers.

Khan on Monday provided the personal protective equipment (PPE) kits to the frontline medical staff in Maharashtra fighting to contain the novel coronavirus pandemic in the state.

Tope took to Twitter to thank the actor for the help.

Many thanks Mr. Shah Rukh Khan for your kind contribution of 25,000 PPE kits. This will go a long way in supporting our fight against COVID19 & protecting our frontline medical care team @iamsrk @MeerFoundation @CMOMaharashtra," he tweeted.

The actor and his wife Gauri Khan recently offered their four-storey personal office space for treating COVID-19 patients.

Khan had earlier announced various initiatives to help the country during the crisis.

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Agencies
January 11,2020

New Delhi, Jan 11: The Delhi High Court on Saturday restrained from releasing Deepika Padukone-starrer 'Chhapaak' movie without due credits to the lawyer who represented the acid attack survivor, Lakshmi Agarwal, in her legal battle.

The restraint will be effective from January 15 in multiplexes and live streaming and for others from January 17.

The court directed filmmaker Meghna Gulzar to give due credit to lawyer Aparna Bhat who fought the criminal case for the acid survivor on whose life the movie is based.

It passed the order on a petition filed by Fox Studio challenging a trial court order which had directed the filmmakers to give credit to Bhat.

Delhi's Patiala House Court had earlier this week passed an order granting an ex-parte interim mandatory injunction directed that the filmmaker has to carry a line "Aparna Bhat continues to fight cases of sexual and physical violence against women" during the screening of the film.

Fox Studios then requested the Delhi High Court to set aside the trial court order.

The petitioner submitted that if the order passed in a suit filed just one day before the release of the film, is not vacated, varied or modified, then the petitioner will suffer grave injustice and irreparable harm and injury.

The movie, which hit the cinemas yesterday, is based on Laxmi's life. In 2005, at the age of 15, she was allegedly attacked by a spurned lover.

Laxmi had to undergo several surgeries. Later, she started helping other acid attack survivors and promoted campaigns to stop such gruesome attacks.

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