Know about Invesco Ltd, the largest shareholder of ZEEL - In 2004, Invesco agreed to USD 450 million settlement with the Attorneys General of New York, Colorado, and SEC after allegations of improper trading.
Getting emotional as he recalled the arduous journey of Zee, Dr Subhash Chandra divulged how crores of people used to send postcards to him, appreciating the work as well as pulling up the channel for “mistakes”.
Bringing the matter to the public domain for the first time, ZEEL founder Dr Subhash Chandra appeared on Zee News Editor-In-Chief Sudhir Chaudhary’s prime time show DNA and posed some very tough questions to Invesco and accused it of trying to take over the ZEE group in a clandestine manner.
'Invesco wants to take over ZEEL in defiance of India's laws,' says Dr Subhash Chandra - Invesco and OFI filed the court case after Zee said it was planning the merger with Sony.
#DeshKaZee: Dr Subhash Chandra says 'we have made mistakes and paid for it', gets emotional - Getting emotional on LIVE TV Dr Chandra said, "It was destiny. It was just meant to be. And that’s how Zee happened."