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Mystery thickens in Zee fund diversion case amid reports of accounting hole

The mystery surrounding the alleged fund diversion from Zee Entertainment Enterprises (Zee) by founders Subhash Chandra and Punit Goenka has thickened with speculations of an amount multiple times higher than that cited by the ex-parte interim order passed by the Securities and Exchange Board of India (Sebi) dated June 12, 2023. While Zee shares witnessed a fresh selloff on Wednesday, news reports of accounting fraud left investors guessing about the hole in the media broadcaster s books. An order by the Securities Appellate Tribunal (SAT) in October 2023 had clearly hinted that Sebi s investigation had found a deeper rout.

Grant Thornton announces senior appointments

Leading business and financial adviser Grant Thornton UK has announced the appointments of Varun Dewan and Erica King to the firm.

Saraf & Partners adds partner to its tax practice in Delhi

Indian law firm Saraf & Partners has hired tax attorney Amit Gupta as a partner in its Delhi office.

FMCG firms turn focus to spices for growth

FMCG firms turn focus to spices for growth
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