Mumbai: A day after the player auctions for Indian Premier League Season 6, the Enforcement Directorate has slapped a notice of Rs 100 crore on the Indian Premier League franchise Rajasthan Royals over alleged violations of the Foreign Exchage Management Act (FEMA).
This came after the ED found that the foreign investments made by the Rajasthan Royals were in contravention of Section 6 of FEMA. ED officers told CNN-IBN that several showcause notices were also issued to the franchise in April 2011.
The directors and foreign investors of the Rajasthan Royals were also questioned regarding the allegations in April 2011. Actress Shilpa Shetty is one of the stakeholders of the franchise. Other teams of the IPL have also been facing corruption charges.
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Rajasthan Royals is a franchise cricket team that represents the state of Rajasthan in the IPL. The team is led and coached by Shane Warne. There was no Icon Player and brand ambassador for the team and it is the only IPL team to have a foreig ...
Shilpa Shetty is an Indian film actress and model. Since making her debut in the film Baazigar (1993), she has appeared in nearly 40 Bollywood, Tamil, Telugu and Kannada films, her first leading role being in the 1994 film Aag. Although she ha ...
Raj Kundra, 29, is a self-made millionaire who was the youngest person to appear on last year's list of the Richest British Asians, in 198th position. ...
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