Sudhir Chaudhary, head of Zee News, and Samir Ahluwalia, head of Zee Business, were arrested here Tuesday on charges of attempting to extort Rs 100 crore from Jindal's company in exchange for not filing news reports linking his firm to the coal blocks allocation.

"Our executives' arrest is illegal. We strongly condemn arrests of our two executives," Zee News Chief Executive Officer (CEO) Alok Agarwal told reporters at a press conference here.