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NDTV juggles funds, shares abroad, avoids tax

In National on October 30, 2011 at 5:29 am

NDTV, through its foreign subsidiaries, is suspected to be indulging in gross violations of Indian tax and corporate laws. NDTV Network Plc, UK was set up in November 2006. Its balance sheets were not filed in India. This company has raised and invested huge sums of money in its subsidiaries, NDTV Imagine (now sold), NDTV Lifestyle, NDTV Labs, NDTV Convergence and NGEN Media Services. The main activity of the company seems to be that of buying shares, as detailed later. Even now, most of the deals being struck by NDTV are being transacted through this UK subsidiary, with no money seemingly coming to India by way of ta

via NDTV juggles funds, shares abroad, avoids tax.

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