Zee-Invesco: Disclosure in instalments

By Invesco's own admission, its role was that of a "facilitator" in the proposed deal between RIL and Zee

It was a performance even a consummate actor would find difficult to match. Amidst an ugly battle with Invesco, a teary-eyed Subhash Chandra appealed to the people’s court on prime-time television a fortnight ago to support Zee against a foreign company, which, he said, was bent on snatching the “crown jewel” of lndia’s media empire. The 70-year-old media mogul was essentially trying to turn a personal battle with the US fund into an India Inc-versus-foreign predator debate.

There was more. Mr Chandra said when a foreign company offered him $500 million to buy Zee in 1994, he told the eager