Bad news for the Baadshah… According to reports, Moreshwar Ajgaonkar, director of Deja Vu Farms Pvt Ltd, has issued a statement to the IT department alleging that Shah Rukh Khan had asked him to forge the documents of the contentious Alibaug property. This comes after the Income Tax department had, on Monday, provisionally attached Deja Vu Farms Pvt Ltd located at Alibaug, a beach town near Mumbai. The attachment notice was issued under the Prohibition of Benami Property Transactions Act (PBPT) in December.

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It was revealed that Shah Rukh had purchased the property as agricultural land for farming, but eventually turned it into a farmhouse for his personal use. “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 Shah Rukh Khan. Thus, the actor is a beneficiary for the said under the prescribed law,” said an IT investigation report.
Shah Rukh Khan’s Deja Vu Farms is apparently worth Rs.146.7 million, and its market price is up to five times that amount. The superstar’s farmhouse is a luxury property, spread over an area of 19,960 sq. meters. It comes with is amenities such as a swimming pool, a beach, and private helipad.

The IT department had provisionally attached the actor’s sprawling bungalow in Alibaug by terming it benami property and had filed a report before an adjudication authority to confirm the attachment. Shah Rukh needed to file a reply before the authority within 90 days. Once the adjudication authority confirms the attachment, I-T authorities can initiate criminal action as well.

The attachment notice had been issued last month to Deja Vu Farms under the Prohibition of Benami Property Transactions Act. As per the website of the Registrar of Companies, Deja Vu Farms Pvt Ltd was incorporated on December 29, 2004, with interests in crops, gardening and horticulture. Namita Chhiba, Ramesh Chhiba and Savita Chhiba (Shah Rukh’s in-laws) are named as its directors.

Shah Rukh had given an unsecured loan of Rs.8.5 crore to Deja Vu Farms, officials said. This amount was used by Deja Vu for purchasing the land. This land in Thal was agricultural and meant for farming, so Ajgaonkar claimed he was an agriculturist, an official said. The land was transferred in the company's name with the condition that it would be used for farming within three years.

All eyes are peeled on what course this tricky case will take next…