Nothing illegal in ED notice: Shah Rukh

Image
Press Trust of India New Delhi
Last Updated : Dec 08 2015 | 10:13 PM IST
Superstar Shah Rukh Khan says he does not thinkhe was being "targeted" by the government when summons were issued by the Enforcement Directorate (ED) over alleged undervaluation of shares of his co-owned IPL cricket team, Kolkata Knight Riders.
The 50-year-old "Chennai Express" star sees nothing illegal in the notice.
"It's nothing illegal," he said when asked about some people's opinion that he was targeted in the case.
"The notice was issued in 2010. And it is 2015 now. This government was not in power at that time. No need to say that I am targeted. Everything is happening under normal legal course and Ireply in normal legal course. There is no illegal thing. Those who don't know that the notice issued in 2010, they are only saying these things," the actor said in an interview to a TV channel.
ED is investigating whether the shares of the team were allegedlyundervalued as it could be violative of the provisions of the Foreign Exchange Management Act (FEMA).
Earlier, the ED had served a notice to Shah Rukh in May, but the actor did not appear before it.
In 2011, he was quizzed for allegations that KKR had received illegal money transferred from certain tax havens abroad.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 08 2015 | 10:13 PM IST

Next Story