India regulator uncovers $241 million accounting issue at Zee
The amount found missing is not final and may change after Sebi reviews the responses from the company executives, the people said.
Source: moneycontrol.com
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SEBI unearths irregularities worth $241 mn in Zee's accounts
India's market regulator has made a preliminary finding that 20 billion rupees ($240 million) has been diverted out of Zee Entertainment Enterprises' books, and Zee ......
Source: vccircle.com
SEBI Unearths $241 Million Discrepancy In Zee Entertainment's Accounts: Report
India's Securities and Exchange Board (SEBI) has uncovered a significant discrepancy exceeding 20 billion rupees ($241.36 million) in the accounts of Zee Entertainment Enterprises, according to the Bloomberg sources. SEBI had previously accused Zee Group's founders, Chairman Subhash Chandra and CEO Puneet Goenka, of actively diverting company funds to other listed entities., Companies News, Times Now
Source: timesnownews.com
Zee stock tanks 10% on report of Sebi 'uncovering $241-mn accounting issue'
According to the Bloomberg report, SEBI has been in conversation with senior officials at Zee including founders, Subhash Chandra, his son Punit Goenka and some board members to explain their stance.
Source: moneycontrol.com
SEBI finds ₹2000 crore accounting and funds divergence issue at Zee Entertainment Enterprises, say reports
SEBI investigation reveals potential fund diversion of ₹2,000 crore from Zee; founders summoned for explanations as regulatory challenges intensify.
Source: livemint.com