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ED issues notice to Shah Rukh, wife Gauri Khan & Juhi Chawla for FEMA violation - ABN

Sat, Mar 25, 2017, 08:48 AM
The Enforcement Directorate has issued showcause notices to Bollywood actor Shah Rukh Khan, his wife Gauri Khan and Bollywood actress Juhi Chawla for loss of foreign exchange to the tune of Rs 76 crore which amounts to Foreign Exchange Management Act (FEMA) violation. The ED claimed that Kolkata Knight Riders had 50 lakh shares to Mauritius-based Sea Island Investment Ltd and another 40 lakh shares to Chawla for Rs 10 each when the actual share value was much higher in 2008 and 2009.
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