Shah Rukh Khan and Gauri Khan get slapped with a show cause notice
The Enforcement Directorate has issued a show cause notice against Knight Riders Sports Pvt Ltd and Shah Rukh Khan’s wife Gauri Khan for allegedly violating foreign exchange rules. The notice has been issued under the Foreign Exchange Management Act (Adjudication Proceedings and Appeal) Rules, 2000 in connection with the share sale of Knight Riders, the franchise owned by SRK’s company Red Chillies Entertainment Pvt Ltd in partnership with actor Juhi Chawla and her husband Jay Mehta.
“We issued show cause notices against Knight Riders Sports, Gauri Khan and others under FEMA for loss of foreign exchange worth Rs 73.6 crore in sale of shares,” said an official.
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