Sun TV down on ED 'attachment'

Sun TV is currently the top loser on the BSE, down almost 11% at Rs.404 levels with an intra day low at Rs.402.25.

The stock is down on news reports that the Enforcement Directorate (ED) on 1^st April, attached properties worth Rs.742 crore and this is w.r.t its probe in the 2G scam. This money is allegedly laundered by the Maran brothers in the Aircel-Maxis deal and that the trail which the ED has been following.

Amongst this property attached, maximum is in the form of fixed deposits owned by Maran’s private companies, Sun Direct TV, Kalanithi Maran, Kaveri Maran and mutual funds worth Rs.15.14 crore held in the name of South Asia FM.