A high-profile family feud has erupted within the powerful Maran media and political dynasty, as DMK MP and former Union Minister Dayanidhi Maran has issued a legal notice to his elder brother Kalanithi Maran, Chairman of Sun TV Network Ltd., alleging fraudulent acquisition of shares and financial misconduct dating back to 2003.
⚖️ Allegations of Fraud and Breach of Trust
The legal notice, dated June 10, 2025, accuses Kalanithi and seven others—including his wife Kaveri Maran, financial consultants, and company officials—of orchestrating a “deceptive scheme” to seize control of the family-promoted media empire during the critical illness of their father, Murasoli Maran.
Key allegations include:
- Unilateral allotment of 12 lakh equity shares to Kalanithi at ₹10 each on September 15, 2003, allegedly without board approval or shareholder consent
- Estimated loss of ₹3,500 crore to other stakeholders due to undervaluation
- Accumulation of over ₹6,300 crore in dividends by Kalanithi since the disputed allotment
- Alleged misuse of funds to acquire assets like Sun Direct, Sun Pictures, and Sunrisers Hyderabad
🧾 Legal Demands and Regulatory Fallout
Dayanidhi has demanded the restoration of Sun TV’s shareholding structure to its pre-2003 status and the return of all dividends and assets allegedly acquired through the disputed shares. The notice warns of impending civil, criminal, and regulatory action, including complaints to SEBI, SFIO, BCCI, and the Ministry of Information & Broadcasting.
📉 Market Impact
Following the news, Sun TV shares dropped over 4% in early trading on June 20, reflecting investor concerns over potential legal and reputational risks.
🏛️ Political and Business Implications
The dispute threatens to fracture the once-unified front of the DMK’s first family, with implications for both Tamil Nadu politics and the media landscape. Kalanithi Maran, who currently holds 75% stake in Sun TV, has not yet responded publicly to the allegations.
Stay tuned for updates on regulatory action and court proceedings.
