Goenka says as a law-abiding citizen and a representative of a responsible corporate citizen, he has complete faith in the judicial and regulatory system.
It's now clear that earlier in the year a proposal was being discussed to merge Zee Entertainment Enterprises Ltd. with media entities belonging to Reliance Industries.
Punit Goenka had, in a letter to the Zee Entertainment board, released on Oct. 12, alluded to such a proposal brought to him by representatives of Invesco Developing Markets Fund.
Reliance had courted Zeel for media business transaction, says Invesco indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.