KKR CEO interrogated by ED. Find why?

XtraTime Web Desk: Concerns for Indian Premier League side Kolkata Knight Riders as the Enforcement Directorate (ED) on Friday interrogated the CEO of the franchise Venky Mysore regarding the Rose Valley scam case.

The agency recorded his statement under the Prevention of Money Laundering Act (PMLA) at its Kolkata office.

KKR is an Indian Premier League (IPL) team owned by Shah Rukh Khan and has won the title twice.

Rose Valley was the principal sponsor of KKR for two years in the IPL but discontinued the association during the seventh edition of IPL in 2014.

The ED has pegged the total volume of the alleged irregularities in the chit fund scheme at Rs 15,000 crore, including interest and penalties. The group had reportedly floated 27 companies to allegedly run the chit fund operations.

Rose Valley chairman Gautam Kundu was arrested by the ED in March, 2015. Kundu’s assets worth Rs 2,300 crore, including hotels and resorts, were seized by the ED.