Republic TV Ceo Vikas Khanchandani was arrested on 13 Dec in the morning by Mumbai police.
It is alleged that in order to increase television rating points (TRP) on his channel Republic TV he had carried out transactions amounting to 15 lakhs a month in order to ensure their viewers watch the channels.
The amount was found with Abhishek kolawade who is accused of taking money from the channel for carrying out activities to increase the viewership as well as TRP of the channel.
The Republic channels are flouting the Telecom Regulatory authority of India by paying cable operators and multi-system operators for using dual/promotion local channel numbers.
Senior advocate Aabad Ponda who will be appearing for Khanchandani has opposed this remand stating that his name has never been filed in the charge sheet by Mumbai police.