Rumours are rife that all is not well with the huge media and entertainment company which, just a year back, had announced a major tie-up with a Hollywood studio. It is being whispered that the company has not been depositing the provident fund contributions of the employees in the EPF account although the amounts are being deducted from the salaries of the employees. Similarly, it is alleged that the media house has not been depositing the tax deducted at source in the government treasury after making salary and other payments requiring tax to be deducted at source.
Know-alls also say that there’s tension brewing between the Indian media house and the Hollywood studio it partnered last year. This, add the insiders, might result in the ‘marriage’ being called off. If true, it would not speak well for the Indian media house.