India’s market regulator has discovered a gap of greater than $240 million within the accounts of Zee Leisure 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 Change Board of India, or Sebi, discovered that about 20 billion rupees ($241 million) could have been diverted from the corporate, mentioned folks aware of the matter who didn’t need to be recognized as the data isn’t public but. That’s roughly ten instances greater than initially estimated by Sebi investigators, the folks mentioned.
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