The Securities and Exchange Board of India (Sebi) is looking into allegations of fund diversion within Zee Entertainment Enterprises (ZEE), with a focus on the company’s top leadership, including founder Subhash Chandra and CEO Punit Goenka. Amidst concerns raised by regulatory findings and market volatility, the investigation highlights potential financial irregularities and their implications for one of India’s prominent media conglomerates. Meanwhile, as per reports yesterday, the management at Zee refuted all such claims, stating that the following reports are ‘falsified’ and ‘misleading’.