Sebi uncovers $241 million accounting issue at Zee

Sebi uncovers $241 million accounting issue at Zee

IndiaTimes

Published

SEBI found that around 20 billion rupees may have been diverted from Zee by the founders, which is ten times more than initially estimated. The amount found missing is not final and may change after Sebi reviews the responses from the company executives. Zee's merger with Sony fell apart due to a standoff over financial improprieties, impacting Zee's financial health.

Full Article