With the entire nation's focus on the IPL, Income Tax (I-T) officials have stumbled upon evidence that some transactions made by Kolkata Knight Riders (KKR) may have been routed through a Mauritius bank. I-T officials sent nine hours at the KKR and Cricket Association of Bengal offices on Wednesday.
I-T officials are specifically examining two cheques issued by KKR to CAB allegedly drawn upon a bank in Mauritius.
The CAB and KKR had inked a new agreement before IPL-3 began in March, but the document was missing from their offices. CAB officials said they would hand over the file within 48 hours.
KKR is owned by an entity incorporated as Knight Riders Sports Private Ltd; Shah Rukh Khan promoted Red Chillies Entertainment holds a 55 per cent share in this company, former actress Juhi Chawla holds 20 per cent, while Sea Island Investments Ltd, a Mauritius-registered entity promoted by Chawla’s husband Jay Mehta, holds the remaining 25 per cent.
I-T officials also visited the five-star hotel where KKR has a unit.