SRK’s IPL team Kolkata Knight Riders is again in the news as ‘Baadshah’ of Bollywood Shah Rukh Khan is summoned by Enforcement Directorate for allegedly violating the norms of Foreign Exchange Management Act (FEMA).

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According to a report, the Enforcement Directorate (ED) believes that the shares of KKR which was sold to a Mauritius company in 2008 was undervalued.

Shah Rukh Khan
Shah Rukh Khan

KKR team which is owned Shah Rukh Khan, Juhi Chawla and her husband Jay Mehta is suspected for violating the (FEMA) by undervaluing the shares while transfering the deal.

The ED had earlier sent a notice in May 2015 To SRK but the actor is out of town for professional commitments.

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