Sambhar Mafia has a very pertinent post on the profligacy of Kalanidhi Maran’s Sun group. The group floated an IPO last year with the ostensible aim of launching new channels, building new studios, etc, and in the process turning Maran into the Forbes billionaires list. But the purchase of two Bombarbier corporate jets for Rs 237 crore by the company, not out of Maran’s wallet but with the proceeds of the IPO, raises disturbing questions about how public money is being used.
Read the full article here: Flying high with public money
Cross-posted on sans serif