Akshay's fee: UTV clarifies

By Taran Adarsh, Bollywood Hungama News Network

UTV has issued a press statement, which is being reproduced verbatim:

"We would like to comment and place on record and clarify a totally false and speculative article that appeared in today's Times of India edition on the front page. Entitled 'Akshay paid Rs. 71 cr for a film?'

A) We do not comment on market speculation or motivated press comments to sensationalize things with untrue facts -- but still wish to clarify in the interest of our shareholders.

B) We did issue a full denial and directed them not to run the article.

C) We confirm that the speculation of the amount stated in the article is totally untrue and is not even close to even 50 per cent of the amount state