Tag: DHS

  • US actress arrested in fake TV show scam

    US actress arrested in fake TV show scam

    MUMBAI: Looks like television too is not safe from the grip of clever con artistes! Actress Alison Heruth has appeared in court in the US charged with lying to the FBI over an alleged scam to take $5.5 million from investors for a fake TV show.

    Media reports indicate that the scam revolved around getting investors to bankroll a nonexistent television series about the Department of Homeland Security.

    Heruth was arrested on suspicion of lying to authorities about her knowledge of the scam run by her longtime associate, Joseph Medawar. Heruth pretended to investors that she was the lead actress in the show DHS.

    If convicted, she faces up to 11 years in prison. Medawar allegedly claimed that 26 episodes of the series were in post-production and that overseas agreements had been finalized in more than 137 territories.

    Instead he spent the money on cars, homes, jewellery and child care. Medawar is said to have got at least 70 investors to buy stock in his company, Steeple Entertainment, by claiming that it was worth more than $200 million and would soon be conducting an initial public offering.

  • Balaji Telefilms opts for Deloitte, Haskins & Sells as auditors

    Balaji Telefilms opts for Deloitte, Haskins & Sells as auditors

    MUMBAI: Leading television software production house Balaji Telefilms has appointed Deloitte Haskins & Sells (DHS) as its auditor.

    The Balaji board has already approved the appointment and all that remains is for its formalisation which is expected to go through at the company’s AGM scheduled for 23 August, Ajay Patadia, company secretary told indiantelevision.com. 

    Balaji’s auditing has been managed by Dinesh Shah, Chartered Accountants, till now. Also associated with Balaji on matters accounting have been Snehal & Associates. That association continues. 

    DHS is a member firm of Deloitte Touche Tohmatsu (DTT), one of the fastest growing Big Five professional services firms in the world. 

    Patadia also dismissed speculation in the industry that Balaji had offloaded more stake to a foreign fund in the last ten days. 

    It may be recalled that Balaji sold 10.11 per cent equity to some six foreign funds to improve liquidity in the stock on 29 April. The promoters’ holding in Balaji post sale stood at 57.8 per cent post-sale.