Last week, Cobra Post, the website run by the investigative journalist Aniruddha Bahal made public “Operation Red Spider”, its sting operation into alleged money-laundering by HDFC, Axis and ICICI banks.
This week, in Open magazine, Bahal answers a couple of questions on the media treatment of the story.
The story is significant, but failed to create a furore, don’t you think?
We can’t say that. Most news channels took it live. There were live debates on every channel. However, the conduct of business papers and channels was disappointing. For them, this story should have been of overwhelming importance, which was apparently not the case. We need to examine the reasons for it.
It poses a question on the credibility of business journalism in India.
Not one journalist from a business paper or news channel contacted me for a detailed briefing on the scam. This tells you where their hearts and minds are. They are PR mouthpieces of establishment.
Photograph: courtesy The Hindu
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