GECs
Focus Features to distribute Iraq doc globally
MUMBAI: Focus Features has acquired the worldwide rights to Patricia Foulkrod’s documentary feature The Ground Truth: After the Killing Ends.
The film tells the stories of a half-dozen Americans – men and women who heeded the call for military service in Iraq — as it charts recruitment and training, combat, homecoming, and the struggle to
reintegrate with families and communities. The conflict in Iraq is a prelude for the even more challenging battles fought by the soldiers returning home — with personal demons, an uncomprehending public, and an indifferent government.
As these battles take shape, each soldier becomes a new kind of hero, bearing witness and giving support to other veterans, and learning to fearlessly wield the most powerful weapon of all — the truth.
Focus Features president James Schamus said, “Patricia has made a searing film, one with exclusive footage that will stun audiences. These soldiers are patriotic Americans articulating stories that must be heard, and we think filmgoers around the world are ready to watch and listen.”
Foulkrod said, “This film has been made from the soldiers’ point of view, and it captures their shattered lives and broken hearts. My intent was to give them a voice, and to inspire viewers to reach out to all soldiers and their families.”
Focus Features made the most critically acclaimed film of last year Brokeback Mountain.
GECs
Sebi sends show-cause notice to Zee over fund diversion, company responds
Regulator questions 2018 letter of comfort and governance lapses; company vows robust legal response
MUMBAI: India’s markets watchdog has reignited its long-running scrutiny of Zee Entertainment Enterprises, issuing a sweeping show-cause notice that drags the broadcaster and 84 others into a widening governance storm.
The notice, dated February 12, has been served by the Securities and Exchange Board of India to Zee, chairman emeritus Subhash Chandra and managing director and chief executive Punit Goenka, among others. At its heart: allegations that company funds were indirectly routed to settle liabilities of entities linked to the Essel Group.
The regulator’s probe traces its roots to November 2019, when two independent directors resigned from Zee’s board, flagging concerns over the alleged appropriation of fixed deposits by Yes Bank. The deposits were reportedly adjusted against loans extended to Essel Group entities, triggering questions about related-party dealings and board oversight.
A key flashpoint is a letter of comfort dated September 4, 2018, issued by Subhash Chandra in his dual capacity as chairman of Zee and the Essel Group. The document, linked to credit facilities availed by certain group companies from Yes Bank, was allegedly known only to select members of management and not disclosed to the full board—an omission SEBI believes raises red flags over transparency and governance controls.
Zee has pushed back hard. In a statement, the company said it “strongly refutes” the allegations against it and its board members and will file a detailed response. It expressed confidence that SEBI would conduct a fair review and signalled readiness to pursue all legal remedies to protect shareholder interests.
The notice marks the latest twist in a saga that has shadowed the broadcaster since 2019. What began as boardroom unease has morphed into a full-blown regulatory confrontation. The final reckoning now rests with SEBI—but the reputational stakes for Zee, and the message for India Inc on governance discipline, could scarcely be higher.
