ED questions SRK over IPL 'irregularities'
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ED questions SRK over IPL 'irregularities'

KKR co-owner told to explain source of money for team’s expenses.

mumbai Updated: Nov 09, 2011 01:36 IST
HT Correspondent
HT Correspondent
Hindustan Times

The Enforcement Directorate (ED) on Saturday questioned actor Shah Rukh Khan in connection with the ongoing investigation in Indian Premier League (IPL) season two.

Khan owns Kolkata Knight Riders (KKR).

Sources in ED said that Khan was question on investment in KKR, share holding pattern, buying of players, money spent on advertisements for promotion of the team and profit and loss.

Sources said that Khan was asked to explain the source of money used for various expenses.

According to ED officials, Khan was questioned for about six hours and his statement recorded. He was summoned to the agency's Nariman Point office where he came in the afternoon.

Sources said that the questioning team has asked Khan to submit some more documents related to share holding pattern, buying of players, advertisement and some other expenses. He has been asked to submit the papers by next week.

Sources, however, did not confirm if Khan would have to personally appear second time next week.

The ED along with the income tax department is investigating investments into IPL teams by various franchises and share holders, and also awarding of contracts pertaining to various rights of IPL season two.

The ED is working on information that some franchises had got part investment by routing funds from tax heaven countries.

The ED had registered a case in April last year under Foreign Exchange Management Act (FEMA) against sacked IPL commissioner Lalit Modi who is now based in United Kingdom (UK) and continues to elude the agency.

The ED had also in July this year sent summons to former Indian cricketer Ravi Shastri in connection with IPL 2 investigations. He was also questioned.

When contacted, Khan's publicist said she wasn't aware of any such thing while his manager Karuna remained unavailable for a comment despite repeated calls and an email.

First Published: Nov 08, 2011 22:30 IST