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OMG: SRK’s Assets Worth 70-Crores Linked To ED on money laundering probe

Shah Rukh Khan seems to be in trouble as the assets belonging to his IPL team – KKR owned by his sports company Knight Riders Sports Pvt Ltd. have been now linked to the Enforcement Directorate (ED). The ED has valued the property as INR 70 crores, which further belongs to two more entities apart from SRK’s company that owns the IPL franchise KKR. The Enforcement Directorate has linked these assets as these have remained under the money laundering probe found in the Rose Valley ponzi scam case.

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So far this has remained the biggest financial fraud in India, which came out first in 2013 shocking the nation. It has even affected the adjoining states of West Bengal including Bihar and Assam. Apart from SRK’s sports company, the other two entities include Multiple Resorts Pvt Ltd, and the Kolkata’s St. Xavier’s College. The central probe agency was seen reporting about the same stating that both the moveable and immovable properties seemed to have belonged to various individuals and companies that have gained funds that are linked to the book value of 70.11 crores found under the Prevention of Money Laundering Act (PMLA).

The SRK’s sports company owned around 11.87 Crores, while the bank accounts of the three companies had around 16.20 Crores in their joint bank accounts. The KKR is owned by the sports company of The Knight Riders Sports Pvt Ltd., which is owned by four people including SRK, his wife Gauri Khan, Juhi Chawla and her hubby Jay Mehta, whereas Venkatesh Mysore has been the CEO of the company along two more are the directors. The CEO was called as ED Kolkata office for further questioning.

Ganesh

Is a Senior Content writer and have been into the content domain from more than a decade. He has dealt with diverse areas in content writing, and writing has been his passion. He has been associated with CT since past five years being ardent Bollywood fans that enable him to produce quality articles.
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