Sun TV denies involvement in 2G scam, share price falls

Bapun Raz

Staff member
3 Nov 2010
Reaction score
Mumbai, Jun 3: Amidst media reports alleging involvement in 2G scam, Sun TV released an official statement strongly denying its role in the 2G scam.
Sun TV Network Ltd.sun-tv-network-ltd17040158
Sun TV Network Ltd
BSE 283.4511.35 (4.17%)
NSE 283.7511.20 (4.11%)

"Sun TV denies the baseless allegations and rumors leading to abnormal volatility in share prices. Over the last few days and more particularly on June 02, 2011, there has been a steep fall in the prices of the Company’s shares possibly triggered by baseless allegations and rumors linking the Company with certain happenings relating to the 2G scam," the Sun TV statement said.

"We wish to inform that Sun TV Network Limited and Mr Kalanithi Maran do not have any relationship whatsoever to any of these happenings," the statement added.

Sun TV officials also said that Union Textile Minister and DMK leader Maran does not own any shares either in Sun TV Network Limited or in Sun Direct TV Private Limited.

Sun TV claimed that the "company has a robust and diversified business model with strong presence in TV broadcasting in the four southern languages (Tamil, Telugu, Kannada and Malayalam), a pan-India presence in the Radio business, and an emerging presence in the Movie production business."

Following media reports that alleged Maran of misusing his position as former telecom minister to get at least 323 BSNL fixed line connections to his residence in Chennai for his family owned Sun TV, Sun TV shares slipped more than 30 percent on Thursday, Jun 2.
Read: ಕನ್ನಡದಲ್ಲಿ
Later, Maran denied the allegation against him and said, "There was a CBI enquiry on me that I have misused official position to get 300 phone lines. I wrote to the chief general manager that please explain to me how many lines are present in my residence. Let me quote from here - "Only one BSNL telephone was provided when you were a minister and MP at your residence."

OneIndia News


26 Apr 2011
Reaction score
Ini ennathan sonnalum yaarum namba mataanga
Sun direct already get 600 c from malaysia and RED FM all come under 2G SCAM>
Thread starter Similar threads Forum Replies Date
A Updates:- MHA denies permission to Sun Network channels, shut down imminent? TV Channels News 129
Napster Sun TV strongly denies any role in 2G scam TV Channels News 0 Article T-SAT’s Vidya and Nipuna channel onboard Sun Direct DreamDTH Articles Discussions 0
SUMAN22 Seeking Help Plz Give us details about recharge and reverting account balance in Sun direct Sun Direct 21
V Sad News Sun direct Sun Direct 3
Chezhiyan DTH Updates Sun Direct now intimating expiry period through scroll Sun Direct 11 Article Sun Direct unveils industry-lowest NCF at Rs 50 DreamDTH Articles Discussions 0
Mahen Dharshan Breaking Due to Sun outage there will interruption in signals till 13th October Tata Sky 7
L Looking for Sun box and subscription Buy/Sell DTH & Sat Equipments 2
Bishnu15 DDF Exclusive Sun Direct IPL Offer Sun Direct 10
Nagesh channanjappa Any new update in sun network Sun Direct 0
Kannadiga DTH Updates 1 Channel Testing In Sun Direct Sun Direct 24 Article Sun Direct strengthens ROI offerings with 5 new SD channels DreamDTH Articles Discussions 0 Article Kalvi TV now available on Airtel Digital TV and Sun Direct DreamDTH Articles Discussions 0
P Breaking Kalvi TV added by Sun Direct Sun Direct 82
ChanduV I have Sun direct HD Dish Buy/Sell DTH & Sat Equipments 0 Article We will work out a methodology to ensure our ARPUs are not impacted by NTO 2.0: S. L. Narayanan, Sun TV Network Limited DreamDTH Articles Discussions 0 Article Sun TV Network Q1 FY 21 PAT rises to Rs 257.21 crores DreamDTH Articles Discussions 0 Article Sun Direct offers Telugu DPO1 and Malayalam DPO1 at cheap rates for inactive customers as Independence Day offer DreamDTH Articles Discussions 0
Dark Airtel Xtreme box vs Sun directHD Audio Quality Airtel Xstream 8 Article Sun Direct offers Tamil DPO 1 at Rs 999 for 9 months to inactive customers as Independence Day Offer DreamDTH Articles Discussions 0 Article Sun Direct onboards TRAI Channel Selector app DreamDTH Articles Discussions 0
Kannadiga DDF Exclusive Sun Direct Curated pack details Updated As On 14-09-2020 Sun Direct 16
Manjsm Seeking Help Installed Sun nxt Applications. Unable/Issues to login. Airtel Xstream 0 Article Sun Direct new connection offers start at Rs 1499 in West Bengal, Odisha, and Maharashtra DreamDTH Articles Discussions 0

Similar threads

Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock