Sir those are of vendors & Mr Hari himself who has not taken salary! Such stories r great for business pages my friend. Let's not dramatise. https://t.co/HnpE8YrLDZ? Raj Kundra (@TheRajKundra) February 15, 2017
Yesterday, mid-day reported that Raj Kundra resigned as CEO of Best Deal TV on December 15 and that employees were simultaneously informed that they would be receiving a 50% pay cut in the salaries for November and December, allegedly as a result of the currency ban that Prime Minister Narendra Modi announced in the first week of November. A disgruntled employee told mid-day, "Production was stopped on November 1, almost a week before the government's note ban announcement. How can demonetisation be the reason? We were paid for half of November but are yet to receive salaries for the remaining month-and-a-half. We've made several attempts to reach out to them, but haven't got a response. Most of us are jobless and barely managing to support our families."
The report also quotes COO Hari Krishnan as saying, "If they are complaining about receiving only half the amount, it is wrong. We had communicated about the 50 per cent pay cut, which has been imposed across the board, in writing. The company has 90 days to make the full and final settlement. So technically, we have time till March 31 to clear outstanding dues."
Best Deal TV's operations are still suspended, mid-day reports. Raj Kundra, who owns 63% of the company with Shilpa Shetty, is reportedly still on the board of directors.