Motilal Oswal Securities attended a conference call hosted by ZEE Entertainment Enterprises Ltd (ZEE) on March 4, said the media company has established an independent committee to investigate the allegations made against the company, its promoter and key management personnel (KMP) Based on the committee’s findings, the board will take appropriate actions. The management, Motilsoswal said, has reiterated that there was no misappropriation of funds within the company.