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ED seized 59 crores FD of Jagathi publications

By:  Tupaki Desk   |   8 Jan 2014 6:07 PM GMT
ED seized 59 crores FD of Jagathi publications
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Sakshi News Paper and Electronic Media that published on behalf of Jagati Publications got double shock. Recently Sakshi Media has been penalized with Rs. 1 Lakh by NBA for airing stories about Nalsar Girl students celebrations

Another shock to Sakshi group today is Enforcement Directorate in co-ordination with C B I seized Rs.59 crores Fixed Deposits attached to illegal and disproportionate assets. In its third phase of attachments, today the ED seized Jagans fixed deposits worth Rs.59 crore of the Jagati Publications

Enforcement Directorate has instructed Central Bureau of Investigation to seize Fixed Deposits.It sknown that in the first phase of ED attachment in 2012 March,Rs. 51 crore ( including 14 crore FDs and other assets of Arabindo group ) were freezed. Again in the second attachment in Janaury 2013, of about Rs.143 crore.

The recent attachement is said to be a major blow for the media group