TWALKITOUT: The Enforcement Directorate has questioned Priety Zinta in connection with her investments in the Indian Premier League (IPL) franchise Kings XI Punjab. Reports say that she was asked about source of money invested in the League.
The DE (Directorate of Enforcement), with its Headquarters at New Delhi is headed by the Director of Enforcement. The main objectives of DE are enforcement of provisions of Prevention of Money Laundering Act 2002 and Enforcement of provisions of Foreign Exchange Management Act 1999. More information provided on their official website.
The ED is trying to ascertain the source of money and investigating if there was any laundering of money by any of the franchises in the second edition of the tournament held in 2009.
A number of such investigations have already been carried out on othe IP franchise like Rajasthan Royals, which is co-owned by Shilpa Shetty and her businessman husband Raj Kundra. Last month, the ED had slapped a fine of Rs. 100 crore on them.
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