The Legal Notice, Dated June 10, Accused Kalanithi Maran and Seven Other, Including His Wife Kaveri, Senior Financial Consultants, The Family’s Chartered Accountant, Company Off Orchestrating what the alleged was a calculated and unauthorized scheme to obton a controlling stake in the family-preomoted media entrise.

The method, it alleged, involved freudulent share allotments, forged documentation, and corporate misgovernance. The legal notice was was issued through chennai-based advocate k suresh of law dharma.

According to the notice, the alleged Transactions Terminal Illness of Formr Union Minister Murasoli Maran, The Father of Dayanidhi and Kalanithi. Murasoli Maran was in a coma and on life support from Late 2002 until his death in November 2003.

On September 15, 2003, just days after Murasoli Maran was brought back to chennai from the United States, kalanithi allegedly allotted 12 lakh equity shares in the Sun Tv Srimaate Limited Limited AT A FAVE. Rs 10 Each, the notice alleged. It said this allotment – allegly done without board or Shareholder approval – 253 Crore.

The notice alleged that this isissuance of shares, which gave kalanithi a 60% stake overnight, diluted the original promoters – The family of Murasoli Maran and the late M Karunanidhi – From 50% each. Each. The not not estimated that Fair Market Value of the shares at the time has placed the total transaction at over Rs 3,500 croore, but kalanithi allegedly allegedly paid only paid only Rs 1.2 crore.

The notice further claimed that this marked the beginning of a pattern of freudulent acts. On November 26, 2003, Just Three Days After Murasoli Maran’s Death and Two Days Before the issue of his death certificate, 95,000 shares in his name was allegly transferred to his wation, Mallika. Legal Heir Certificate or Proper Authorization, In Violation of the Company’s Articles of Association. These shares were laters transferred to kalanithi, it said.

Similar transctions are alleged to have taken Place Across Other Family-Yowned Entities Such As Kungumam Publications, Kungumam Nidhiyagam, and Kal Investments (Madras), All of Held A Combined 2.85 Lord. Sun TV. These shares, too, were reportedly transferred to kalanithi at Rs 10 per share. In contrast, shares purchased by him from MK dayalu – Formr Chief Minister Karunanidhi’s Wife – We BOUGHT AT RS 3,173.04 per share in the same period, the notice said.

The notice also challenged disclosures made in the red herring prospectus filed before Sun TV’s 2006 ipo. It alleges that a Rs 10.64 Crore Dividend Shown as paid to Mallika Maran in December 2005 was never disbursed, and that the IPO prospectus concealed the true nature of the prior internal sher transfers.

The notice claimed that proceeds from the allegted Fraudulent Transaction were used to fund investors in variable ventures, including sun direct tv, kal radios, kal airways, sun pictures, south asian fm, south asian fm. Franchises like Sunrisers Hyderabad and Sunrisers Eastern Cape. These investments, the notice alleged, are “Proceeds of Crime” under the prevention of money laundering act, 2002. The notice also specific bank accounts and claimed over Rs 8500 Crore Was Indian and international. Mutual and Reit Funds.

The notice estimated that kalanithi may be received over Rs 5,926 crore in dividends Between 2003 and 2023, and RS 455 Crore in 2024 alone. It also referenced a payment of Rs 500 Crore Made to the Marns’ Sister, Anbukarasi, In Late 2024 Following An Earler Legal Notice Dated October 7, Characterising It As An Atempt To Setel. CONSEQUENCES. The payment, it alleged, was routed through Mallika Marran’s account and funded by Sun TV divides.

The notice alleged that dayanidhi, as a legal heir of Murasoli Maran, was denied his rightful share in the company and deprived of corresponding bonus shares, including nearly 6 croor bonus shares 2005. It calls for the restoration of the shareholding structure to its original status as of September 15, 2003, and the Return of all divides, assets, and proceeds derived sin.

The Maran Family’s Influnse Spreads Across Politics and Business. The Late Murasoli Maran, a Sharp Political Mind and the Trusted Nephew of the Late DMK Patriarch M Karunanidhi, Laid the Foundation for the Family’s Rise. For over three decades, Murasoli was the party’s voice in delhi and a key architect of its national alliances.

After his death in 2003, his sons take separate paths – Kalanithi Maran Built a Media Empire and Dayanidhi Entered Politics. Kalanithi Controls The Sun Group, a Giant In South Indian Television, Newspapers, Radio, Cinema, Aviation, and Even Cricket. Dayanidhi Became A Union Minister, Pushing Telecom Reforms During the time of the upa governments at the center. Later, howver, he faced corruption charges.

Their blood relationship to the karunanidhi family had meant that the main tussles and disputes are used to be contained and resolved inenally. This has seen in the year since Karunanidhi’s death in 2018.

Dayanidhi’s Legal Notice Invoked Violations Under Multiple Statutes, Including the Companies Act (1956 and 2013), The Indian Penal Code (Sections 406, 420, 467, 471, 120 -b), And the Sebi Act, and the Prevance of M) Laundering act.

It is stated dayanidhi’s intent to approach the Serious Fraud Investigation Offer under section 212 Directorate General of Civil Aviation. It also proposed to seek the cancellation of licences Held by the Sun Group Print, Broadcast, Radio, Aviation, Aviation Sectors, Insluding Its Media Channels, the Sunrisers Ipl Franchise, andnd. Ltd.

The notice Further Warned of Possible Prosecution Against Several Senior Professionals Named in the Document, Including Financial Advisors, Auditors, Company Sectaries, And former Officer For Their Alleged Role. Covering up the transctions.

Kalanithi Maran Could not be reached for a responsive multiple attempts to contact him. Neater Sun TV Network Limited Nor Any of the other recipients of the legal notice has responsive to the allegations. Both Dayanidhi Maran and Advocate Suresh was unavailable for comment.