Shah Rukh Khan’s sea-facing farmhouse in Alibaug, that was the venue of his last birthday bash, has invited fresh trouble for the actor. Back in 2017, he was heckled by MLC Jayant Patil for causing a commotion at the mainland and soon after reports surfaced suggesting that the property violated coastal region norms. Now the IT department has issued a provisional attachment notice to the actor’s property. A report by Business Standard states that the attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December.
It has been alleged that Shah Rukh Khan bought the property with an application that intended the purpose of the purchase to be farming. But the actor has been using the property, spread over an area of 19,960 sq metres, for personal use going by the name Deja Vu Farms Pvt. Ltd. "The said transaction falls under the definition of "benami transaction as per the Section 2 (9) of the PBPT Act, where Deja Vu Farms has acted as benamidar for the ultimate benefits of SRK. Thus, the actor is a beneficiary for the said under the prescribed law,” said the I-T investigation report submitted to adjudicating authority while seeking provisional attachment, as per the news portal.
The report highlights that the property was brought in 2004 and Shah Rukh Khan and his wife Gauri Khan were signed as shareholders. The directors of the property were appointed – Ramesh Chhiba, Savita Chhiba and Moreshwar Rajaram Ajgaonkar, who was replaced by Namita Chhiba in 2011. To be noted is the fact that Ramesh, Savita and Namita are SRK’s father-in-law, mother-in-law and sister-in-law, respectively. Since the day of its procurement, the company has not shown any income from farming activity. While additional collector had allowed the purchase of the land under the condition that it will be put to use within three years for farming. Moreshwar was the only one listed as agriculturist during that time.
IT acts allow for the prosecution of the benamidar which may result in rigorous imprisonment up to seven years and fine up to 25 percent of the market value of the property. The circle rate of the attached property is Rs 146.7 million. However, the market price would go up to five-fold, said another I-T official.