Rose Valley scam; Shah Rukh Khan's KKR clarifies on ED property attachment

The IPL franchise says apart from accepting Rs 11.87 cr from Rose Valley Hotels as sponsorship fees, it had no other dealings with the group

Shah Rukh Khan-owned Kolkata Knight Riders has clarified that Rose Valley Hotels, one of KKR's  jersey sponsors for IPL seasons 2012 & 2013, had paid it about Rs 11.87 crore as sponsorship fees. 

“KKR had no other dealings with the Rose Valley Group including Rose Valley’s micro finance business,” the company said in a statement.

In July 2019, Knight Rider Sports Pvt Ltd (KRSPL), received a witness summons from the Enforcement Directorate in connection with an investigation relating to the Rose Valley Group, particularly its micro finance business. 

“The ED continues the investigation of Rose Valley. KKR continues to cooperate with the authorities