Shah Rukh Khan investigated over alleged financial irregularities

Indian actor Shah Rukh Khan has been questioned by investigation officials for three hours over allegation of irregularities in the finances of his IPL team Kolkata Knight Riders, Indian media reported on Wednesday.

According to reports, officials of India's Enforcement Directorate questioned the superstar on Tuesday regarding the alleged undervaluation of the shares of the company that runs his IPL team.

Khan – along with Bollywood actress Juhi Chawla and her husband Jay Mehta – co-owns the Knight Riders Sports Private Limited. Chawla and Mehta were also summoned to the questioning on Tuesday.

It is alleged that five million shares of Knight Riders Sports Private Limited were undervalued when they were sold to Mehta's Mauritius-based company, Sea Islands Investments Ltd, in 2008.

According to Indian media reports, the Enforcement Directorate is investigating whether the shares were undervalued in violation of Indian laws.

Khan was previously questioned in 2011 over allegations that his team received funds illegally from foreign tax havens.