Zee Group's Subhash Chandra Accuses Indian Regulatory Chief of Sinking Company's Merger With Sony [Yahoo! Finance]
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Source: Yahoo! Finance
In a press conference on Monday, Chandra alleged that Buch is “corrupt” and “vindictive” and that Zee's issues with SEBI was the “main reason” that the merger fell apart. More from Variety Sony and Zee Reach Settlement, Ending Merger Disputes Producer Andrew Form Signs First Look Deal With Sony Pictures' Screen Gems (EXCLUSIVE) 'Kraven the Hunter' New Trailer: Aaron Taylor-Johnson Is Out for Blood in Sony's R-Rated Marvel Villain Origin Story In June 2023, SEBI barred ZEEL MD-CEO Punit Goenka and Chandra from holding any managerial or directorial positions in listed companies. The suspension was while SEBI carried out investigations into allegations of insider trading. The SEBI notice made multiple reference to “siphoning” of funds. India's Securities and Appellate Tribunal (SAT) set aside the SEBI order in November. “They set aside everything. If you read the order, they are stopped short of saying that there is total prejudice against this group,” Chandra said on Monday.
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