Home FEATURED NEWS Zee Accounting Issue Uncovered by India Regulator

Zee Accounting Issue Uncovered by India Regulator

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India’s market regulator has discovered a gap of greater than $240 million within the accounts of Zee Entertainment Enterprises Ltd., dealing one other blow to the embattled media agency lower than a month after its merger with Sony Group Corp’s native unit collapsed.

As a part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, discovered that about 20 billion rupees ($241 million) might have been diverted from the corporate, mentioned individuals aware of the matter who didn’t need to be recognized as the data shouldn’t be public but. That’s roughly ten occasions greater than initially estimated by Sebi investigators, the individuals mentioned.

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