Sanjay Dutt of Quantum Securities and Prannoy Roy/ Vikram Chandra’s NDTV have a feud which is running over the past several years. Sanjay, who is a shareholder of NDTV, has filed multiple complaints against NDTV and its promoters alleging numerous irregularities. In response, NDTV has filed cases against Sanjay Dutt and also secured an injunction from the High Court that he should refrain from making any more allegations.
Now, the latest twist is that the income-tax sleuths have got wind of an alleged scam perpetrated by NDTV. Apparently, some subsidiary of NDTV allotted shares to two foreign companies and received an exorbitant amount of Rs. 624 crore. The shares were allotted for an eye-popping consideration of Rs. 7,015 each.
The astonishing part is that the subsidiary which allotted the shares has no business operations and there is nothing to show that it has any value let alone the value of Rs. 7,015 per share.
What is even more surprising that the shares were sold in the very next year for a price of Rs. 634 per share and a whopping loss of Rs. 584 crore was claimed.
Here, we must compliment the income-tax department for their investigating skills. When they demanded an explanation for the allotment of shares at Rs. 7,015 to the foreign shareholders even though the allotting company has no business or assets, Prannoy Roy and Vikram Chandra did not blink an eyelid. They said that they had “sold dreams” to the foreigners.
When the duo was asked why the same shares were sold at Rs. 634 each in the very next year, the deadly duo claimed that the “dreams had been busted” and the shares have plunged in value.
Fortunately, Sanjay Dutt has turned whistle blower and has turned the tables on the alleged shenanigans of the duo of Roy and Chandra.
Sanjay Dutt admitted that he is privy to all the dark secrets because he and his Quantum Securities were hired by NDTV as Financial Consultants/ Advisors for some corporate restructuring. He told the department that the real purpose of the transaction entered into by NDTV was to route money without any intention of paying taxes and in violation of various legal provisions.
Sanjay Dutt made available to the income-tax department all the incriminating material in the form of emails and other correspondence between Prannoy Roy and the others.
The bottom line of this shocking episode is that the income-tax department has demanded total tax of about Rs. 300 crore and penalty of Rs. 525 crore. This aggregates to a mind-boggling figure of Rs. 825 crore.
NDTV has on its rolls the infamous Barkha Dutt. Barkha Dutt is notorious for her alleged anti-NAMO and anti-India stance. She got into trouble recently for her anti-Army coverage in Kashmir and for condemning the death of dreaded terrorist Burhan Wani who was the commander of Hizbul Mujahideen.
Breaking: Burhan Wani hizbul commander, son of school headmaster who used social media as weapon of war, killed in Anantag. BIG STORY
— barkha dutt (@BDUTT) July 8, 2016
She is also alleged to be pro-Muslim and anti-Hindu in her outlook.
If anybody is watching Bdutt program in West – he will think Indian Govt supporters are killing Dalits and Muslims randomly. Good Job @bdutt
— Deepak Singh (@smarket) July 27, 2016
Barkha Dutt shot into super notoriety when dreaded terrorist Haffez Sayed, who is alleged to have master-minded the Bombay terrorist attack which killed hundreds of innocent citizens, complimented her for her role in propagating Pakistan’s view point in India.
Well deserved compliments–Hafiz Saeed praises Barkha Dutt and Congress! https://t.co/FQLjyBdFKq
— Madhu Kishwar (@madhukishwar) July 25, 2016
NDTV Diva @bdutt is upset with this picture
So please do not Retweet it.Thank you pic.twitter.com/VxzBgRUgRT
— Rishi Bagree (@rishibagree) July 29, 2016
Barkha Dutt got hauled up by Arnab Goswami of Times Now a few days ago for her alleged anti-India and anti-Army and pro-Pakistan stance.
Since then, she has been spearheading a campaign against him in the social media.
Hope you always loathe my journalism Mr. Goswami, Feeling so mutual; would kill me to be on same side as you-my post https://t.co/SwXLrxtBTY
— barkha dutt (@BDUTT) July 27, 2016
The punters at MMB are understandably distressed at the turns of events with respect to a stock where they have invested their life savings.
One punter lamented that the TRPs have plunged to their lowest owing to Barkha Dutt. Another advised investors to dump the NDTV stock on the basis that it is “very biased and has no credibility”.
The latest income-tax demand may be the final nail in the coffin. NDTV’s total market capitalisation is only Rs. 535 crore. Its total net worth is only Rs. 317 crore. How will it ever pay a colossal tax demand of Rs. 825 crore? Will it be wound up? These are the seminal questions troubling investors in NDTV and they are wondering whether they should bail out now and salvage the little that they can from the junkyard stock!
The truth! This was an excellent article. NDTV is an anti-Indian news Chanel. Barkha dutt was so happy when terrorists were killing Indians in Mumbai. For goodness sakes, Hafeez Saeed has gone in record and praised NDTV, barks dutt and Congress party for helping them, for helping Pakistana and for fighting the Indian state. NDTV is a savage opponent of Modi and his plans to develop the country and help,every Indian. Barkha dutt has called for Muslims to take revenge on Indians which is shocking. Thanks goodness for Arnab Goswami who is an absolute patriot and kindhearted Indian who believes so strongly in defending India and Indians first. Bharka dutt has gone to America where she was interviewing guests and she openly told them that Modi is a criminal and people should not invest in India. It was appalling. She is filled with a hatred, poison and is extremely evil. It serves hat Pranay Roy right for providing her with a platform to attack India. Any patriotic Indian would see their shares of NDTV immediately. Pranay Roy should be questioned for his illegal activities, and NDTV should be shut down with immediate effect. This is the same channel that hires Nizdi Razdan. This mistress of Omar Abullah whom both tried to save a terrorist in Kashmir. Everyone knows already how evil that woman is. She is devilish. I sincerely hope NDTV collapses and these poisonous evil women loose their jobs, and more.
Good one. Looks like BD and NDTV have gone bonkers. Thank God I don’t own NDTV stock! I could think of buying it if comes down to Rs 10!
Ndtv is not baught by any ace investor or wiz kids! No research report in RJ Fan Blog! So no one got a chance to make loss! Then why we are wasting time in such nonscens ! Come On RJ Fan blogger
Is it a forum to discuss stocks or what..Politics,journos,nationalism,patriotism??
Are you mentally ignorant enough to not understand that such policies of NDTV should affect its stock. This is a brilliant article to reveals the anti India stance of Roy, and Bharka. Would an investor put money in the hands of these criminal savages. If you feel strongly why not invest in their company.
Intelligent and very aware ace investor Ddvine, probably you should have told about the policies to the investor Sanjay Dutt as he was unable to figure that out or even after knowing all that he didn’t pull out.
Do not reply to comments you don’t understand fully.
I was pointing to the last few paragraphs.Enlighten me if these people ( hafeez saeed,Barkha dutt or Arnab Goswami.)really do give stock advice. As far as I know , they don’t and reference to their videos and tweets were not necessary.
This forum is doing a great service by bringing up various issues related to various listed companies. My request to author is that please do not bring out statements from controversial faces. Already they have a lot of coverage on social media.
Silence first and listen to what I am saying. Don’t dare misconstrue.
If this site today declared that infosys was supporting terrorist activities and anti India agendas, I can say with conviction that every Indian would see their stake in infosys no matter what the balance sheet. This site has brilliantly revealed the Anti India propaganda on NDTV, and is therefor providing a calculated insight for investors. It is not always about balance sheets. As Charlie munger stated, he would never invest in tobacco companies, becuase their product kills people. No matter what the sales and balance sheet quote.
Realize what I have achieved in Investing before suggesting I do not comment.
Swollen ego is not good for physical or mental health.
You are in a minority of two (if you count me in).
Excellent article. Its not just a question of politics. NDTV has done some serious criminal financial activity by routing funds in this sinister manner. Whatever be your political views, as an investor you cannot ignore these sham transactions.
I do not expect such useless, crap updates from this forum. This erodes the credibility of this forum which already is in a nebulous form.
Its a perception how the article is taken, To me Its a well written article covering politics and scam of NDTV which is a listed company.
They should bear the brunt of not having chosen the right advisor
It’s time !
I don’t think this article in anyway inspired by RJ. No Value. For such details please read any newspaper. Waiting for the next real RJ Blog
This post seems biased, prejudiced and has an agenda against a channel and its anchor. It is nothing to do with stock instead it is politically motivated.
Look, who is talking
media shares like TV today and TV 18 are on investor’s radar
it is normal o think of NDTV also
this article exposes the NDTV fraud,
details about ho are the promoters and what they are doing , gives the investors an idea as to what they will do to the company (heard of Business Ethics ?) I think readers who are taking offence are the one’s who are biased .
This is a perfectly written article that reports facts about the unethical behavior of a listed company. This is a financial website, and the company IS listed. The offense taken by a few is beyond comprehension.
Agree with your comment regarding the first three quarters of the post but the final two paragraphs showcase the bias of the writer. If we claim Nawaz Sharif is a terrorist sympathizer if he speaks the lingo of Hafiz Sayeed, then what do we call the writer when we read paragraphs that closely follow the lingo used by the so called ‘bhakts’. NDTV reports about the recent troubles in Kashmir have neither been anti-India nor anti-Army. In fact one of the reports clearly show the quandary that our soldiers are in when they are forced to shoot on their own people. The only difference between Times Now and NDTV reports is that the former focuses on the land while the latter focused on the people. And as far as I know Dutt has not condemned the killing of the terrorist (may be wrong here but if so please post the link). And a bit surprising to see the article defending Goswami who is clearly the golden boy of the bhakts. I am sure that all of whom are taking offense to the post are doing so only for the final two paragraphs. There was no need to bring in anti-India, anti-Modi or anti-hindu fantasies here if the article was purely about the wrong-doings of a company. If Dutt was anti-India and anti-Army for reporting the injuries to the protesters caused by the pellet guns, then what is Rajnath Singh who has now asked the soldiers not to use them. And using comments from mmb..well as we can see from here, bhakts (and as they like to say the sickulars) are everywhere
If you don’t like it, you can always leave instead of writing an entire essay.
Oh I am not going to leave even if I don’t like it. Just trying to point out that the post was not as ‘innocent’ as you make it out to be. And I can understand that some people find it difficult processing too many words at one go, so apologize for making you read such a big…essay?
Well said:
‘And a bit surprising to see the article defending Goswami who is clearly the golden boy of the bhakts.’
and
‘If Dutt was anti-India and anti-Army for reporting the injuries to the protesters caused by the pellet guns, then what is Rajnath Singh who has now asked the soldiers not to use them.’
Anyone who is not a bhakt is automatically a sickular (and anti national by extension). Motto of bhakts: If you are not with us, you are against us. Either white or black; no shade of grey allowed.
do you have anything to say on the financials? otherwise what are you on about – no one is interested in poliics on this forum
unfortunately, politics has been woven into the article skillfully.
well done..
This is nonsense Mr Pranav rao is highly acclaimed T.V channel owner of NDTV
we know the channel is a bit PRO congress and Anti modi not ANTI indian as told by the RJ fan club.I am bit worried about Mr goswami from TIMESNOW who is nowadays inclining toward MR MODI.As far as BARKHA dutt is concerned her named appeared in tapes controversy also this is in public domain
Dear rao,
how Arnab can incline towards Modi ?
He is one who fired government on smriti irani, shivraj chauhan, sushma swaraj, recent dalit attacks and many more . I think he is doing right thing by not giving biased news . But that does not mean he can not acknowledge achievements of the government . Now a days it has became fashion that any news channel praises the achievement or some right steps taken, its called as biased . On the other hand if a news channel criticize government then its considered as unbiased .
Thanks & Regards,
Prashant
It seems that NDTV has done similar acts in the past, and there were notices issued in the past as well. UK newspaper The Sunday Guardian had reported similar activities by NDTV Plc UK. Google will give a lot of info on NDTV. Here’s a link-
http://www.bjnocabbages.com/2011/11/great-fraud-act.html?m=1
There is nothing biased about the article – we should remember that it is discussion about a stock which is listed on the exchanges and an investment in the stock of NDTV, with these developments, can only yield negative returns. Always keep in mind that corporate governance and management quality are above all else when it comes to returns we can expect in a stock, and this is where the write up throws light. Is the colossal tax demand of Rs. 825 crore not a negative for the stock?
this is not good. these guys take such moral high positions and contrarian stance all the time and when it comes to their own money they are just cooking books and lining stomach? hypocricy of the highest order. possibly they will go to court and then we can see what happens. have to read their balance sheet carefully, educational.
A serious investor investing in any stock must study what they do and whether they do this in a manner to generate ROCE. So if u invest in an auto stock we must study why a certain car battery company is able to generate revenues while another one fails. In a media channel investment similarly we must take into account why a certain media channel is more effective, why one fails while the other one succeeds.
NDTV is consistently failing while Times Now is succeeding, and since both are in the English news media sector, a study of why they fail must be taken into account. The face of a media channel is their anchors and how their analyses n reporting are generating revenues which means ROCE. If Barkha Dutt is the face and her presence in the Radia tapes is a fact, and her consistent hostility to the Army is antagnosing the public, obviously viewers will move over to another channel. Eyeballs means advertisement support, no eyeballs means lower adv support and this affects the profitability of the channel.
When Phaneesh Murthy was caught in a sex scandal the stock that was the darling of the investors, Infosys, took a dive. Once he was made to quit, the stock revived.
It is not possible for investors to ignore, similarly, what Barkha and Sonia are doing to eyeballs, advertisers, net profitability. the news channels reportage is a major reason for its performance in the stock market. This study has therefore offered future investors an insight into the future of NDTv because even on this forum a couple of viewers have asked, who are the advertisers on this channel, we want to boycott their goods as well.
When Aamir Khan made a dubious statement, he was removed as brand ambassador for the product. Like it or not, Barkha Dutt and Sonia etc have been the face of the channel and her Kargil exploit, her 26/11 reportage, her consistent kotowing to the Gandhis in a blind manner, her hostile reporting of the Army and its performance in Kashmir, are all leading to the downfall of the revenues of the channel. They can swim together or sink together, the investors have no interest in them so long as they are together.