Together with Alanda ABCL holds 90.5% of stakes and Ravi Prakash has been removed as the CEO also Murthy the CFO has been suspended from his responsibilities, TV9 Kannada channel head Mahendra Mishra is appointed as the CEO and Singa reddy as the COO.
In the past, though the request was placed to put up a board meeting it was not done and hence on May 8, there was a board of directors meeting held and today EGM was held. Company secretary had alleged that his resignation letter had been forged which the board of directors considered. But other than that rest all will be taken care of accordingly said the board of directors.
Also speaking with the media the director Samba Siva Rao denied commenting on the allegations on Ravi Prakash. But clarified that no single person can run any organization. This came a day after Ravi Prakash himself announced that he is the CEO of TV9 and will continue to be so. He said that the channels broadcasting the news have no credibility.