Aircel-Maxis case: Sun TV says no impact of ED chargehseet

Kalanithi Maran-owned TV network says group has received no official communication as yet

Media tycoon Kalanithi Maran-owned Sun Television Network (Sun TV) today said recent moves by the Enforcement Directorate (filing charge sheet against Marans) will not have any impact on the company. Besides, the company also said no official communication was received from the ED.

Last Friday, it was reported that the ED filed a complaint against the former Union Telecom Minister Dayanidhi Maran, his brother and Sun TV's CMD Kalanithi Maran, his wife Kaveri Kalanithi and others in a money laundering case.

The ED filed the charge sheet in the trial court on the Aircel-Maxis money laundering case, according to earlier report. It added that the ED's charge sheet alleged that "the proceeds of crime worth Rs 742.58 crore were paid by companies based in Mauritius for Dayanidhi Maran, in the two companies, namely, Sun Direct TV Pvt Ltd (SDTPL) and South Asia FM Ltd (SAFL)."

In response to which Sun TV today told Stock Exchanges that "we wish to state that this development has no direct bearing with Sun TV Network Ltd. Further, no official communication in this regard has been received from the Enforcement Directorate till now by the persons named in the aforesaid article."

The court of Special Judge O P Saini in New Delhi has fixed January 18 as the date for consideration and taking cognisance of the complaint filed by the ED.

Sun TV's shares fell by 3.25 per cent in BSE to Rs 408.45 a share on Monday.