In a big jolt to Bollywood King Khan, Shah Rukh, the Enforcement Directorate (ED) has attached the bank accounts of IPL team, Kolkata Knight Riders in an alleged money laundering case linked to the Rose Valley chit fund scandal.

The Rose Valley Group's chit fund scam broke to headlines back in 2014 and the fraud worth Rs 17,520 crore. The funds were moved to various entities and individuals. The West Bengal police received complaints against the chit fund scandal and eventually FIRs and chargesheets were filed against the company. Then the ED stepped into action and under the Prevention of Money Laundering Act, the initiated the probe.

Along with KKR, ED has attached the bank account of St. Xavier's College and landed property, worth Rs 35 crore, of Icare Medical College and Hospital. The chairman of Rose Valley Group of Companies, Gautam Kundu, was arrested by Enforcement Directorate in March 2015 and is still in judicial custody. The same year, Shah Rukh was questioned by the ED and he claimed no guilty in the allegations.

SOURCE : GULTE