Zee Board forms advisory panel to ‘review’ market rumours, curb ‘erosion of investor wealth’

Days after media reports of SEBI discovering ‘fund diversion,’ Zee Entertainment Enterprises Ltd announced the formation of an independent advisory panel on Friday. The committee will be headed by Allahabad High Court’s retired judge Satish Chandra. The panel will review the ‘market misinformation’, speculations to check the erosion of investor wealth.

Apart from the ex-judge of the High Court, the independent panel will also consist of two other Independent Directors. The official statement by ZEEL said that these independent directors of the company are PVR Murthy and Uttam Prakash Agarwal.