Chennai remains tense as court to decide place for Karunanidhi's burial

Security tightened ahead of the expected arrival of Prime Minister Narendra Modi and other national leaders

Almost 12 hours after the demise of M Karunanidhi -- five-time Chief Minister and Dravida Munnetra Kazhagam (DMK) President, the situation in Chennai remains tense, even as Prime Minister Narendra Modi, Congress leader Rahul Gandhi, several other ministers and very important persons expected to visit the city to pay tribute to the late veteran politician.

There has been violence at some places after the state government denied a place for his burial at the Marina Beach, Chennai, where several leaders, including former Chief Ministers Annadurai, M G Ramachandran, and J Jayalalithaa, were buried.

The workers raised slogans seeking a place at the Marina for their beloved leader as his final resting place. Some of these workers turned violent. The DMK leadership immediately approached the Madras High Court which adjourned the hearing to 8:30 am on Wednesday.

During the night, Karunanidhi's mortal remains were moved from his Gopalapuram house to the one in CIT Nagar, where his two wives reside. The body was then moved to Rajaji Hall, a public hall in the city, Wednesday early morning to allow the public to pay homage. Prime Minister Narendra Modi and others are expected to visit the Hall on Wednesday after which the body will be taken for burial.

An eerie calm wrapped the city after Karunanidhi's death was announced on Tuesday night. Even on Wednesday morning, most of the shops remained closed in the city, while roads went empty, except for those who went to pay homage to the late DMK leader.

Read More On → Karunanidhi Death

Tamil Nadu: Blow for Karunanidhi family's business interests?

Tamil Nadu: Blow for Karunanidhi family's business interests?

Thursday’s state election results are likely to make the fortunes for some businesses and mar for some others. The biggest and most prominent loser of the day was from the family of DMK chief M Karunanidhi. On the day of the results, the Sun TV stock lost Rs 2,229 crore in market value. Its market capitalisation fell from Rs 16,845 crore at its close on Thursday to Rs 14,616 crore at the end of the day. By virtue of his 75 per cent holding, DMK chief M Karunanidhi’s grandnephewKalanithi Maran would take three-fourths of that hit.

This notional loss could be an indicator of the bad news in store for the family’s business interests that extend beyond media. While Maran was among the first in the family to get into organised business through his venture into broadcast media in the early 1990s, there were others who have followed in his footsteps. After a brief break-up in relations with the Marans, Karunanidhi’s immediate family members floated Kalaignar TV in 2007. At the time Karunanidhi’s wife Dayalu Ammal owned 60 per cent, while his daughter Kanimozhi owned 20 per cent. Karunanidhi’s grandsons, from his sons Stalin and Azhagiri have also built interests in a range of businesses from real estate to movies to granite mining.

The management of Sun TV has often maintained that its business is independent of the government in power, but the market seems to be understanding it differently. A second term of the AIADMK could prove to be tougher for the family as it does not have the cushion of a friendly regime at the Centre. Read more.