ED issued summon to SRK in share sale of KKR

The ED has issued summons to Shah Rukh Khan in connection with the share sale of Knight Rider Sports Pvt Ltd.It's the third time that the ED has issued summons against Shahrukh Khan. Shah Rukh Khan’s Red Chillies Entertainment Pvt Ltd along with Juhi Chawla and Jay Mehta has the ownership of Knight Rider Sports Pvt Ltd franchise. Shahrukh Khan has failed to appear in front of ED, he is expected to conclude the investigation in the first week of November. Shahrukh is require to prove against the violation with pricing guidelines under Foreign Exchange Management Act (FEMA) norms.