Zee News denied the charges and made counter claims of Jindal offering them ₹200,000,000 (equivalent to ₹350 million or US$4.6 million in 2020) to halt their investigations against Jindal Steel's involvement in the scam but filed no charges. Naveen Jindal had accused the two journalists of trying to extort ₹1,000,000,000 (equivalent to ₹1.8 billion or US$23 million in 2020) in advertisements for Zee News from him through blackmail by threatening to air stories against his company in the Coalgate scam. The two were sent to 14-day judicial custody in Tihar jail and were ultimately released on bail. Two senior journalists Sudhir Chaudhary and Sameer Ahluwalia were arrested. The channel was tried for allegedly extorting ₹1 billion from the Jindal Group revealed through a sting operation. The chairman of the group is Subhash Chandra, who is a Bharatiya Janata Party-backed member of the Rajya Sabha. In 2013, Zee News Ltd changed its name to Zee Media Corporation Limited. It was demerged as a separate company of the Essel Group in 2006. ![]() ![]() it was a subsidiary of the Zee Telefilms Ltd (later renamed to Zee Entertainment Enterprises).The company was reincorporated on, as Zee News Ltd. ![]() and it was incorporated in Augas Zee Sports Ltd. Zee Media Corporation Limited (formerly Zee News Ltd.) was founded by Essel Group.
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