Showing posts with label Sun TV shares tumble as CBI set to file FIR against Dayanidhi Maran. Show all posts
Showing posts with label Sun TV shares tumble as CBI set to file FIR against Dayanidhi Maran. Show all posts

Sun TV shares tumble as CBI set to file FIR against Dayanidhi Maran


Mumbai: The shares of media major Sun TV, promoted by Kalanithi Maran, tumbled in Thursday's trade a day after the CBI told the Supreme Court that it would take a decision on bringing formal charges against his younger brother, Dayanidhi.

The younger Maran, who was the communications minister from May 23, 2004 to May 15, 2007, is alleged to have arm twisted former Aircel promoter Sivasankaran into selling his stake in the company to Malaysia-based Maxis group owned by T. Ananda Krishnan.