Former Union Minister Dayanidhi Maran and four others accused in the case appeared before XIV Special Judge for CBI cases, S Natarajan, on Friday, PTI reported. NSEBSESun TVLoading data…
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ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES NEW DELHI: Shares of Sun TV took a beating in Friday’s trade amid reports that a CBI court will frame charges against the Maran brothers in connection with the ‘illegal’ telephone exchange case on October 3.
The scrip fell 4.5 per cent to hit a low of Rs 795 on BSE on Friday. It gained some ground to settle the day at Rs 809.90, down 2.71 per cent.
Former Union Minister Dayanidhi Maran and four others accused in the case appeared before XIV Special Judge for CBI cases, S Natarajan, on Friday, PTI reported.
Dayanidhi’s brother Kalanithi, who owns 75 per cent stake in Sun TV, had filed a petition seeking to dispense with his personal appearance before the CBI Court.
The case relates to alleged misuse of 764 high-speed data lines of Bharat Sanchar Nigam Limited (BSNL) at the residence of Dayanidhi Maran when he was the union telecom minister between 2004 and 2007, PTI reported.
The CBI had alleged that the data lines were utilised for Sun TV, and no bills were raised, thereby causing a loss of Rs 1.78 crore to the exchequer. The court had on August 11 directed the CBI to provide typed copies of case documents to Dayanidhi Maran and Kalanithi.
The two had moved the court seeking deferment of framing of charges against them in the case, saying several documents submitted by the CBI were illegible.