{"id":34027,"date":"2017-03-25T05:15:22","date_gmt":"2017-03-25T05:15:22","guid":{"rendered":"https:\/\/indiansportsnews.co.in\/?p=34027"},"modified":"2017-03-25T05:15:22","modified_gmt":"2017-03-25T05:15:22","slug":"ed-issues-notice-against-gauri-khan-knight-riders-sports","status":"publish","type":"post","link":"https:\/\/indiansportsnews.co.in\/?p=34027","title":{"rendered":"ED issues notice against Gauri Khan, Knight Riders Sports"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" alignleft size-full wp-image-19887\" src=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7.jpg\" alt=\"kkr winner ipl 7\" style=\"margin-right: 8px; margin-bottom: 8px; float: left;\" width=\"260\" height=\"157\" srcset=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7.jpg 260w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7-150x91.jpg 150w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/>New Delhi\/Kolkata: The Enforcement Directorate has issued show cause notice against Knight Riders Sports Pvt Ltd (KRSPL) and Bollywood actor Shah Rukh Khan&#8217;s wife Gauri Khan for allegedly violating foreign exchange rules.<\/p>\n<p>The agency issued the notice under the Foreign Exchange Management Act (Adjudication Proceedings and Appeal) Rules, 2000 in connection with the share sale of KRSPL, the franchise owned by Shah Rukh Khan&#8217;s company Red Chillies Entertainment Pvt Ltd in partnership with actor Juhi Chawla and her husband Jay Mehta.<\/p>\n<p>&#8220;We issued show cause notices against Knight Riders Sports, Gauri Khan and others under FEMA for loss of foreign exchange worth Rs 73.6 crore in sale of shares,&#8221; the official said.<\/p>\n<p>The agency had also issued summons to Shah Rukh Khan in the matter in 2015 and before that.<\/p>\n<p>The matter pertains to the 2008 share transfer, audited by an external firm in 2014. It noted that shares sold to Jay Mehta-owned Sea Island Investment were eight-nine times undervalued by KRSPL.<\/p>\n<p>The share transfer is believed to have happened in 2008-09 and the agency has been probing KRSPL deal since 2010 under FEMA.<\/p>\n<p>KKR said they have not received any notice yet from the agency. &#8220;This is a matter that has been going on since 2009. We have not received any notice yet,&#8221; KKR CEO Venky Mysore told IANS.<\/p>\n<p>Mysore refused to comment any further. &#8220;Should we receive anything, we will post that,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" alignleft size-full wp-image-19887\" src=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7.jpg\" alt=\"kkr winner ipl 7\" style=\"margin-right: 8px; margin-bottom: 8px; float: left;\" width=\"260\" height=\"157\" srcset=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7.jpg 260w, https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7-150x91.jpg 150w\" sizes=\"auto, (max-width: 260px) 100vw, 260px\" \/>New Delhi\/Kolkata: The Enforcement Directorate has issued show cause notice against Knight Riders Sports Pvt Ltd (KRSPL) and Bollywood actor Shah Rukh Khan&#8217;s wife Gauri Khan for allegedly violating foreign exchange rules.<\/p>\n<p>The agency issued the notice under the Foreign Exchange Management Act (Adjudication Proceedings and Appeal) Rules, 2000 in connection with the share sale of KRSPL, the franchise owned by Shah Rukh Khan&#8217;s company Red Chillies Entertainment Pvt Ltd in partnership with actor Juhi Chawla and her husband Jay Mehta.<\/p>\n<p>&#8220;We issued show cause notices against Knight Riders Sports, Gauri Khan and others under FEMA for loss of foreign exchange worth Rs 73.6 crore in sale of shares,&#8221; the official said.<\/p>\n","protected":false},"author":1,"featured_media":19887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[67],"tags":[4744,8052,21812,466,21810,21811,1069],"class_list":["post-34027","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cricket-cricket","tag-cricket-news","tag-enforcement-directorate","tag-gauri-khan","tag-indian-sports-news","tag-knight-riders-sports-pvt-ltd","tag-krspl","tag-shah-rukh-khan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ED issues notice against Gauri Khan, Knight Riders Sports - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiansportsnews.co.in\/?p=34027\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ED issues notice against Gauri Khan, Knight Riders Sports - IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports\" \/>\n<meta property=\"og:description\" content=\"New Delhi\/Kolkata: The Enforcement Directorate has issued show cause notice against Knight Riders Sports Pvt Ltd (KRSPL) and Bollywood actor Shah Rukh Khan&#039;s wife Gauri Khan for allegedly violating foreign exchange rules. The agency issued the notice under the Foreign Exchange Management Act (Adjudication Proceedings and Appeal) Rules, 2000 in connection with the share sale of KRSPL, the franchise owned by Shah Rukh Khan&#039;s company Red Chillies Entertainment Pvt Ltd in partnership with actor Juhi Chawla and her husband Jay Mehta. &quot;We issued show cause notices against Knight Riders Sports, Gauri Khan and others under FEMA for loss of foreign exchange worth Rs 73.6 crore in sale of shares,&quot; the official said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/indiansportsnews.co.in\/?p=34027\" \/>\n<meta property=\"og:site_name\" content=\"IndianSportsNews.com - Latest Updated Sports News &amp; Sports Blogs of Cricket, Hockey, Golf, Football, Tennis &amp; Other Sports\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-25T05:15:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/indiansportsnews.co.in\/wp-content\/uploads\/2014\/06\/kkr-winner-ipl-7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"260\" \/>\n\t<meta property=\"og:image:height\" content=\"157\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/#\\\/schema\\\/person\\\/b8f51f3c66686ab3518464e9b8368646\"},\"headline\":\"ED issues notice against Gauri Khan, Knight Riders Sports\",\"datePublished\":\"2017-03-25T05:15:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/indiansportsnews.co.in\\\/wp-content\\\/uploads\\\/2014\\\/06\\\/kkr-winner-ipl-7.jpg\",\"keywords\":[\"Cricket News\",\"Enforcement Directorate\",\"Gauri Khan\",\"Indian Sports News\",\"Knight Riders Sports Pvt Ltd\",\"KRSPL\",\"Shah Rukh Khan\"],\"articleSection\":[\"Cricket\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027\",\"url\":\"https:\\\/\\\/indiansportsnews.co.in\\\/?p=34027\",\"name\":\"ED issues notice against Gauri Khan, Knight Riders Sports - IndianSportsNews.com - Latest Updated Sports News &amp; 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