Tehelka holding co: Networth negative; auditors red-flag issues

December 01, 2013 13:11

As Tarun Tejpal battles alleged sexual assault charges by a woman colleague, the filings made by Tehelka's holding company shows a negative networth with liabilities far exceeding its assets.

Besides, auditors have red-flagged issues like absence of an internal audit committee and non-payment of service tax, while investments into the publication are mired in complexities with existence of multiple layers of companies, shows its various regulatory filings with the corporate affairs ministry.

In the wake of the scandal involving Tejpal, there have been reports that Tehelka group carried out dubious transactions through shell companies. While there is no official word on any probe into these alleged irregularities, sources said the corporate affairs ministry is yet to decide on whether to look into the issues regarding Tehelka and its related companies.

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