Maran Brothers Fight, Bad News For DMK

Shares of Sun TV Network crashed over 5% on June 19 after a family feud came to light. Dayanidhi Maran accused elder brother Kalanithi Maran of taking control of the Rs23,000 crore Sun TV through fraudulent practices soon after their father Murasoli Maran’s death in 2003. Now, there are reports that the legal battle over Sun TV ahead of Tamil Nadu assembly elections has begun to worry the ruling DMK. DMK leaders have begun to worry how they would face the polls without media, muscle and money. They are not only feeling caught between feuding Maran brothers but also feel they have no answer for the TASMAC liquor scam involving close aides of Deputy CM Udhaynidhi Stalin. Sources close to DMK say Dayanidhi’s revelation is bound to please chief minister MK Stalin’s son-in-law V Sabareesan as well as be music to ears of his sister DMK Lok Sabha MP Kanimozhi, who also runs a TV media network Kalaignar. Both Sabareesan and Kani have been in cold and watched Udhaynidhi flex his muscles. In his notice, Dayanidhi sought to restore the Sun TV’s shareholding structure to its pre-September 2003 status. This implies that Dayanidhi and his sister, Anbukarasi Maran, along with MK Stalin, and his two brothers and sister, would be the owners of Sun TV, as Kalanithi did not own any shares in the company 22 years ago. Dayanidhi says that after their father’s death, Kalanithi took over more than 75% of the company, while the shares held by their parents were reduced from 50% to just one single share. He claims Kalanithi used none of his own money to do this. He has threatened to request a government investigation by the Serious Fraud Investigation Office if Kalanithi does not agree to fix the issue. The notice says that when Sun TV was founded in 1985, the only shareholders were MK Dayalu (Karunanidhi’s second wife) and Mallika (Murasoli Maran’s wife).