HIGHLIGHTS
- Shah Rukh Khan is in trouble over allegations that he used forged documents to buy land.
- He has also been accused of flouting coastal conservancy rules.
- Besides a bungalow, the 19,960-sq-m plot also has a private helipad and swimming pool.
Bollywood badshah and a millionaire many times over, Shah Rukh Khan is in trouble over allegations that he used forged documents to buy land.
The actor's former chartered accountant and confidant Moreshwar Ajgaonkar has told income-tax officials that he used forged documents to purchase Alibag plots on the instructions of SRK.
Shah Rukh Khan has been accused of buying agricultural land for agricultural purposes but instead constructed a super-luxury bungalow. He has also been accused of flouting coastal conservancy rules.
Besides a bungalow, the 19,960-sq-m plot also has a private helipad and swimming pool.
I-T officers have confirmed to India Today that the 90-year-old Ajgaonkar has admitted that "he was working on the instructions of Shah Rukh Khan".
According to a senior I-T official, Ajagaonkar in his statement to the department has admitted to using forged documents and 7/12 extract on the instructions of Shah Rukh.
The 7/12 extract is a document maintained by the state's revenue department that contains the date of purchase, name of the owner and cultivator, area, type of land among other information.
The other forged documents include a record of rights that show the existence of a bungalow from pre-1991. In fact photographs from Google Earth Satellite Photograph for the year 2003 show no such bungalow.
SRK's company Deja Vu Farms has shown an investment of Rs 16 crore on the bungalow before the Registrar of Companies.
However, the income-tax department believes that around Rs 50 crore was invested in constructing the bungalow.
A probe into the exact amount and source of the funds is also being carried out. Relevant documents, bank details, company's financial transactions have been sought from Deja Vu Farms.
The department had provisionally attached the superstar's bungalow in December.
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