While police said the detention of the ETV chairman was prompted by its airing of "pornographic" material, a senior editor at the channel dismissed the official explanation as a smokescreen.
The move added to growing tensions in the politically volatile South Asian nation after a spate of deadly violence surrounding the first anniversary of Prime Minister Sheikh Hasina's controversial re-election.
Four people died in clashes yesterday involving supporters of opposition leader Khaleda Zia as well as followers of Hasina and the security forces, exactly 12 months on from the election which was boycotted by 20 opposition parties.
After calling for protests to topple the government, Zia has been confined to her offices in the capital since Saturday. The gates of her compound have been padlocked under the watch of a phalanx of riot police.
In a televised address to the nation last night, Hasina accused her arch rival of trying to trigger anarchy.
But in a move that was likely to have infuriated Hasina's government, ETV also broadcast a speech by Zia's eldest son Tarique Rahman, the two-times former premier's political heir apparent who is based in London.
Police spokesman Masudur Rahman told AFP that Abdus Salam, the owner of what is Bangladesh's oldest private network, had been arrested after a woman complained ETV had broadcast "pornographic images" of her in an investigative news programme.
But Jewel pointed out that the woman's complaint was filed nearly two months ago.
"She made the complaint two days after we ran the show on November 6," Jewel said. "We aired some blurred images, which is within the journalistic norms."
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