Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Income Tax sleuths reach KKR's office for a detailed check

By Super Admin

Kolkata, Apr 21 (ANI): The Income Tax Department sleuths have reached the office of the Indian Premier League (IPL) team Kolkata Knight Riders (KKR) located within the Cricket Association of Bengal (CAB) headquarters to conduct a detailed check on the financial transactions of the team.

There are reports that the officials have reached the office of Shah Rukh Khan's Red Chillies to conduct a thorough probe.

The Enforcement Department (ED) has filed a report against all eight Indian Premier League (IPL) teams for violation of key sections of the Foreign Exchange Management Act (FEMA). he ED is probing the investment of foreign money in the IPL.

The report was filed under the Section Three of the FEMA.

Earlier, Jaipur IPL Cricket Private Ltd, the owner of Rajasthan Royals, resubmitted a proposal before the Foreign Investment Promotion Board (FIPB), the key body responsible for foreign investments, to issue a 32.41 percent stake to Mohan Badale.

In October 2009, its application was rejected by the FIPB.

On Tuesday, a section of the media reported that the both MSM and WSG had paid 80 million dollars as" facilitation fee."(ANI)

Story first published: Thursday, August 24, 2017, 17:05 [IST]
Other articles published on Aug 24, 2017