Naveen Jindal releases tape to 'prove' blackmail by Zee News

NEW DELHI: Jindal Steel chairman Naveen Jindal on Thursday said his company has made a formal police complaint against Zee News and Zee Business for allegedly demanding Rs 100 crore worth of advertisements in lieu of dropping negative stories.

" Sudhir Chaudhary, editor of the group, told our team they will continue to defame us if we did not agree to pay Rs 20 crore per year worth advertisements," Jindal, a Congress MP, said at a news conference here.

"The initial demand of Rs 20 crore then went up to Rs 100 crore," Jindal said.