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TRP Scam: Forensic report confirms financial irregularities by channels

The Crime Branch is in the process of recording the statements of 4 cable operators from across Maharashtra in the probe

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A file picture of TRP scam accused who were produced at the Esplanade Court. Pic/Suresh Karkera

A file picture of TRP scam accused who were produced at the Esplanade Court. Pic/Suresh Karkera

The SIT of the Mumbai Crime Branch (CB) probing the TRP scam, has received an interim forensic audit report of 800 pages. It has confirmed various financial irregularities of accused channels including Republic TV. The Crime Branch has also recorded the statements of four cable operators in connection with the use of dual frequency of Logical Channel Number (LCN) and LCN promotion.

The CB claims that the findings of the forensic report are crucial and supporting evidence to the ongoing probe of TRP manipulation. The report stated, "Increased TRP had resulted in giving power to ARG Media Outlier (the company which owns Republic TV and Republic Bharat) to bargain for higher revenue. Further, it has also valued its share at exponentially high premium by projecting high revenues for future years.(sic)" The forensic report further stated, "The CCPS (compulsory convertible preference shares) of face value of Rs 10 each were valued at a premium of Rs 12,990 each in 2016 before the launch of channel, Rs 32,813 each in Nov 18 and Rs 36,560 each in Dec 2019. ARG also indulged in artificially increasing its share value and collecting investments and routing some of these funds in purchasing its own shares through its parent company at 300% higher value.(sic)"

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