The Board of Directors of ZEE Entertainment Enterprises Ltd. (ZEEL) announced the formation of an independent investigation committee which will be chaired by Justice Satish Chandra and comprise ZEE’s independent directors Uttam Prakash Agarwal and P.V.R Murthy.
The committee will fact check, review and examine all the allegations raised by the regulatory agencies against the company, its promoters and key managerial personnel through a “deep dive exercise”, ZEEL said in a filing with the exchanges.
“The committee will review all company records and information to prepare and present a detailed report to the board, advising on the future course of action, in the best interest of all the shareholders and other stakeholders of the company, it added.
