IPL: 4 biggest controversies involving Kolkata Knight Riders
Kolkata Knight Riders are one of the most successful franchises in the history of the Indian Premier League, having lifted the trophy on two occasions. However, despite their success, they have not always won the hearts of fans and have often found themselves at the bottom of the IPL Fair Play points table as well.
They have also been involved in a number of controversial incidents over the course of 10 editions of the IPL. Here, we look at four of the biggest controversies involving KKR.
#4 Violating FEMA guidelines
Just before the start of the 10th season of IPL, the KKR owners, Shah Rukh Khan, Gauri and Juhi Chawla were issued a show-cause notice for violating FEMA guidelines.
According to the Enforcement Directorate, Shah Rukh had initially bought all the shares of the IPL franchise under his wife's name. However, after the team's success, 40 lakh new shares were given to Juhi Chawla at around Rs 10/share which was the par value. Chawla then sold her shares to M/s. TSIIL, Mauritius at the same value when the actual value of the shares was much higher (around Rs 90/share), leading to a foreign exchange loss of around Rs. 73.6 Crores.