New Delhi: Two days after launching an unusually sharp attack on billionaire Mukesh Ambani and accusing Reliance-linked media outlets of running a campaign against him, Zee founder Subhash Chandra has, in his now near-daily public statements, dropped further mention of those allegations and shifted his focus to settling outstanding dues and defending his personal insolvency plan.
Chandra, during an 18-minute interaction with followers on Instagram, attended by about 560 people at its peak, made little fresh reference to his allegations against Ambani, instead telling viewers that borrowers linked to his Essel Group had agreed to settle their outstanding obligations with lenders.
The Instagram interaction on Monday came after three statements he issued to counter criticism over a National Company Law Tribunal-approved repayment plan under which creditors are set to recover about Rs 6.25 crore from his personal estate against claims of roughly Rs 22,006 crore.
Chandra initially accused Ambani of utilizing media channels for a smear campaign and claimed Ambani once advised him against paying interest on bank loans. He has since dialled back those personal attacks to fixate on concluding Essel’s debt resolution.
Reliance Industries vehemently rejected all insinuations, affirming that its platforms operate with complete journalistic independence and have never targeted individuals.
