
ONGC well blanketed by water to avoid fire: Union Minister on gas leak in Assam
Union Petroleum Minister Hardeep Singh Puri on Wednesday said that well control operations are underway in full swing at the Oil and Natural Gas Corporation's (ONGC) RDS 147 A site in Sivasagar, Assam, where a blowout at a crude oil well has led to a sustained gas leak for eight consecutive days that started on June 12.Taking to X, Puri shared that the site is being handled by a Crisis Management Team comprising experienced blowout control specialists. He also thanked Assam Chief Minister Himanta Biswa Sarma and state authorities for their prompt support in relief and evacuation efforts.advertisementThe Union Minister said the well is being continuously blanketed with water to prevent fire, and the released gas - 97% methane - contains no toxic substances.
"Being lighter than air, the gas is dispersing upwards and not accumulating on the ground," he noted, adding that air quality near the well mouth remains within safe limits even within 50 to 100 metres.Puri added that the gas pressure has decreased from 2600 psi to 500 psi, and measures like junk shot operations and pumping of kill fluids are underway. If these do not prove sufficient, capping of the well may also be considered.The blowout occurred on June 12 at Well No. RDS 147 of Rig No. SKP 135 in the Rudrasagar oil field operated by SK Petro Services on behalf of ONGC. Chief Minister Himanta Sarma, who visited the site earlier this week, raised concerns over the pace of ONGC's response. In a letter to Puri, he urged for a mission-mode approach, citing public perception of "inadequate urgency" from the company.advertisement'Despite ongoing efforts, the well remains active and continues to leak gas. Over 330 families have been evacuated and are being supported by the state government with relief measures,' Sarma wrote, also announcing 25,000 aid per affected family.ONGC later said its experts are working round the clock and are consulting with an international well control agency. Additional personnel have been brought in from other centres, and part of the gas is being diverted to a nearby production facility.The Assam Pollution Control Board has confirmed that air and noise pollution levels remain within permissible limits. ONGC stated that community safety remains its top priority, with all steps being taken in line with regulatory standards.

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an hour ago
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Revanth Reddy urges Centre to clear Rs 24,269cr Hyderabad Metro Phase-2 project, cites urgent need for mass transit; says state ready for joint venture
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Indian Express
2 hours ago
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SUN TV family feud: What are the allegations in Dayanidhi Maran's legal notice to brother Kalanithi
Former Union minister and DMK MP Dayanidhi Maran has served a legal notice to his elder brother, media baron Kalanithi Maran, alleging a series of fraudulent transactions since 2003 that the notice said had allowed Kalanithi to unlawfully gain control over SUN TV Network Limited. This brings the long-simmering inheritance dispute within one of Tamil Nadu's most influential political and business families to a legal confrontation. The legal notice, dated June 10, accused Kalanithi Maran and seven others, including his wife Kaveri, senior financial consultants, the family's chartered accountant, company officials, and close associates, of orchestrating what the it alleged was a calculated and unauthorised scheme to obtain a controlling stake in the family-promoted media enterprise. The method, it alleged, involved fraudulent share allotments, forged documentation, and corporate misgovernance. The legal notice was issued through Chennai-based advocate K Suresh of Law Dharma. According to the notice, the alleged transactions took place during the terminal illness of former Union minister Murasoli Maran, the father of Dayanidhi and Kalanithi. Murasoli Maran was in a coma and on life support from late 2002 until his death in November 2003. On September 15, 2003, just days after Murasoli Maran was brought back to Chennai from the United States, Kalanithi allegedly allotted to himself 12 lakh equity shares in the then SUN TV Private Limited at a face value of Rs 10 each, the notice alleged. It said this allotment — allegedly done without board or shareholder approval — was carried out while the company's valuation per share was between Rs 2,500 and Rs 3,000, and when its reserves and surplus exceeded Rs 253 crore. The notice alleged that this issuance of shares, which gave Kalanithi a 60% stake overnight, diluted the holdings of the original promoters — the families of Murasoli Maran and the late M Karunanidhi — from 50% each to just 20% each. The notice estimated that the fair market value of the shares at the time should have placed the total transaction at over Rs 3,500 crore, but Kalanithi allegedly paid only Rs 1.2 crore. The notice further claimed that this marked the beginning of a pattern of fraudulent acts. On November 26, 2003, just three days after Murasoli Maran's death and two days before the issuance of his death certificate, 95,000 shares in his name were allegedly transferred to his wife, Mallika Maran, without the legal heir certificate or proper authorisation, in violation of the company's Articles of Association. These shares were later transferred to Kalanithi, it said. Similar transactions are alleged to have taken place across other family-owned entities such as Kungumam Publications, Kungumam Nidhiyagam, and Kal Investments (Madras), all of which held a combined 2.85 lakh shares in SUN TV. These shares, too, were reportedly transferred to Kalanithi at Rs 10 per share. In contrast, shares purchased by him from M K Dayalu — former chief minister Karunanidhi's wife — were bought at Rs 3,173.04 per share in the same period, the notice said. The notice also challenged disclosures made in the Red Herring Prospectus filed before SUN TV's 2006 IPO. It alleges that a Rs 10.64 crore dividend shown as paid to Mallika Maran in December 2005 was never disbursed, and that the IPO prospectus concealed the true nature of prior internal share transfers. The notice claimed that proceeds from the alleged fraudulent transactions were used to fund investments in various ventures, including Sun Direct TV, Kal Radios, Kal Airways, Sun Pictures, South Asian FM, and cricket franchises like Sunrisers Hyderabad and Sunrisers Eastern Cape. These investments, the notice alleged, are 'proceeds of crime' under the Prevention of Money Laundering Act, 2002. The notice also cited specific bank accounts and claimed over Rs 8,500 crore was invested in Indian and international mutual and REIT funds. The notice estimated that Kalanithi received over Rs 5,926 crore in dividends between 2003 and 2023, and Rs 455 crore in 2024 alone. It also referenced a payment of Rs 500 crore made to the Marans' sister, Anbukarasi, in late 2024 following an earlier legal notice dated October 7, characterising it as an attempt to privately settle and suppress legal consequences. The payment, it alleged, was routed through Mallika Maran's account and funded by SUN TV dividends. The notice alleged that Dayanidhi, as a legal heir of Murasoli Maran, was denied his rightful share in the company and deprived of corresponding bonus shares, including nearly 6 crore bonus shares issued to Kalanithi in December 2005. It called for the restoration of the shareholding structure to its original status as of September 15, 2003, and the return of all dividends, assets, and proceeds derived since then to the original promoter families. The Maran family's influence spreads across politics and business. The late Murasoli Maran, a sharp political mind and the trusted nephew of the late DMK patriarch M Karunanidhi, laid the foundation for the family's rise. For over three decades, Murasoli was the party's voice in Delhi and a key architect of its national alliances. After his death in 2003, his sons took separate paths — Kalanithi Maran built a media empire and Dayanidhi entered politics. Kalanithi controls the Sun Group, a giant in South Indian television, newspapers, radio, cinema, aviation, and even cricket. Dayanidhi became a Union minister, pushing telecom reforms during the time of the UPA governments at the Centre. Later, however, he faced corruption charges. Their blood relation to the Karunanidhi family had meant that the Marans' many tussles and disputes used to be contained and resolved internally. This has seemingly changed in the years since Karunanidhi's death in 2018. Dayanidhi's legal notice invoked violations under multiple statutes, including the Companies Act (1956 and 2013), the Indian Penal Code (sections 406, 420, 467, 471, 120-B), the SEBI Act, and the Prevention of Money Laundering Act. It stated Dayanidhi's intent to approach the Serious Fraud Investigation Office under section 212 of the Companies Act and file complaints with SEBI, the NSE, BSE, Registrar of Companies, the Ministry of Information and Broadcasting, and the Directorate General of Civil Aviation. It also proposed to seek the cancellation of licences held by the Sun Group across print, broadcast, radio, aviation, and sports sectors, including its media channels, the Sunrisers IPL franchise, and SpiceJet Ltd. The notice further warned of possible prosecution against several senior professionals named in the document, including financial advisors, auditors, company secretaries, and former officials for their alleged role in enabling or covering up the transactions. Kalanithi Maran could not be reached for a response despite multiple attempts to contact him. Neither SUN TV Network Limited nor any of the other recipients of the legal notice have responded to the allegations. Both Dayanidhi Maran and Advocate Suresh were unavailable for comment.


Time of India
4 hours ago
- Time of India
Dayanidhi says Brother Seized Group Control ‘Fraudulently'
A simmering rift in the Maran family that owns the Sun Group is out in the open, said people with knowledge of the matter. DMK lawmaker and former Union minister Dayanidhi Maran has sent a legal notice to older brother Kalanithi Maran , who is chairman and managing director of the ₹24,000-crore Sun TV Network , accusing him of fraudulently seizing control of the company through a disputed share allotment in 2003. He has demanded restoration of the company's shareholding structure to its pre-September 2003 status, when the Maran family and that of the late M Karunanidhi owned equal shares in the company. Karunanidhi, who died in 2011, was head of the DMK and chief minister of Tamil Nadu. His son MK Stalin is current chief minister. If the dispute goes to court, it will pit Kalanithi against his brother and the Karunanidhi family, with control of the media giant at stake. As the dominant channel in Tamil Nadu, Sun TV is highly influential and regarded as having benefited from its proximity to the ruling party. In the notice, sent through his lawyer K Suresh, Dayanidhi alleges that his brother allotted 1.2 million equity shares to himself on September 15, 2003, without proper valuation, shareholder approval or board resolutions. At face value, the shares were priced at Rs 10 each, but the younger Maran claims they were worth approximately Rs 3,500 crore at the time, as Sun TV was a cash-rich and profitable entity. The timing of the alleged transaction coincided with the death of the brothers' father, former Union minister Murasoli Maran. Dayanidhi's contention is that Kalanithi used this opportunity to gain 60% control in the company—up from zero—without informing or consulting the other key stakeholder, MK Dayalu, wife of Karunanidhi, who was representing the family. Murasoli Maran was Karunanidhi's nephew. The Maran brothers didn't respond to queries. Lawyer Suresh did not offer any comment. As per the legal notice, Kalanithi's shareholding increased to 60%, while the shareholding of other legitimate stakeholders was diluted to 20% each. Dayanidhi claims the allegedly fraudulent allotment allowed Kalanithi to earn over Rs 5,926 crore in dividends till 2023, and Rs 455 crore in 2024 alone, apart from additional gains from bonus share allotments. He further accused Kalanithi and his wife, Kaveri, along with other associates, of misusing these 'proceeds of crime' to acquire valuable businesses and assets, including Sun Direct TV, Kal Radios, Sun Pictures, South Asian FM and the Indian Premier League (IPL) franchise, Sunrisers Hyderabad. Investments were allegedly also made in domestic and international mutual funds and REITs (real estate investment trusts) worth over Rs 8,500 crore. Dayanidhi has demanded that all shares, assets and financial benefits obtained since 2003 be returned to the original shareholders within seven days, failing which he will initiate civil, criminal and regulatory proceedings. The younger brother also plans to escalate the matter to the Serious Fraud Investigation Office (SFIO), the ministry of information & broadcasting, as well as the Board of Control for Cricket in India (BCCI), seeking cancellation of broadcasting licences and ownership rights to Sunrisers Hyderabad. Dayanidhi further alleged illegal transfer of shares from their deceased father to their mother — and subsequently to Kalanithi —without the legal heir's consent; misuse of initial public offer filings through misleading disclosures, and complicity of auditors and company officials in facilitating the fraud. The MP also claimed that the two families incorporated Kungumam Publications in 1978 with both families having an equal shareholding. He also said the intention behind founding all the companies by the original promoters was to have 50% stakes in each of the businesses for both families. Kalanithi started the Tamil Sun TV channel in 1993 and built it into a sprawling media giant, encompassing multiple TV channels in south Indian languages as well as a film production house, taking advantage of connections with the state establishment, industry watchers said.