Want to share with your friends too?

05 Jun 2017

CBI raids NDTV founder Prannoy Roy's premises in Delhi, Dehradun

NDTV's bosses in trouble

CBI on June 5 conducted raids at premises of Prannoy Roy, NDTV co-founder and executive co-chairperson, in Delhi and Dehradun.

An agency official said they were related to bank fraud.

This comes after BJP leader Subramanian Swamy alleged money laundering by the channel; he claimed prominent faces associated with it were involved, including Roy's wife Radhika and journalist Barkha Dutt.

In context

NDTV's bosses in trouble
Four locations under the scanner


Four locations under the scanner

Agency sources said four locations, including promoter RRPR Holding Private Ltd, are under the scanner. NDTV's premises were, however, not raided.

"A case of bank fraud has been registered against RRPR and unknown bank officials" last week over alleged irregularities in a Rs. 366cr loan taken in 2008 from ICICI, a source said.

A year later, an amount less by Rs. 50cr was repaid.


Several accusations against NDTV

NDTV has been under ED and IT investigation since 2014. One case against it pertains to receiving foreign funds and settling it for 80% less.

RRPR is being probed for funds it received in relation with the Aircel-Maxis case, and purchase of aircraft by Air India.

Last December, SEBI initiated proceedings against NDTV for not announcing a 2009 'change in control' of the company.

Love India news?

Stay updated with the latest happenings.

Notify Me

NDTV's response to the raids

In a statement, the channel said: "NDTV and its promoters will fight tirelessly against this witch-hunt by multiple agencies. We will not succumb to these attempts to blatantly undermine democracy and free speech in India."

BJP leader Subramanian Swamy had written to PM against NDTV


BJP leader Subramanian Swamy had written to PM against NDTV

In August'16, BJP leader Subramanian Swamy wrote to PM Narendra Modi alleging NDTV's involvement in the Aircel-Maxis scam; the channel reportedly received $50mn from Maxis subsidiary Astro All Asia Networks.

Former finance minister P Chidambaram and former RBI governor Raghuram Rajan had tried to shield certain people involved, Swamy added.

He also alleged NDTV had laundered a total of up to $400mn.

07 Jun 2017

NDTV raids- CBI denies allegations of acting under pressure

The CBI denied it was pressured to raid the premises of NDTV's promoters.

It challenged NDTV's stand that it hadn't defaulted on loan repayments, saying the investigations "relate to the wrongful gain of Rs. 48cr to promoters…and a wrongful loss to ICICI".

It also quoted a 2016 SC order, claiming it had jurisdiction to investigate private banks, an action which NDTV had questioned.

Prannoy Roy hid incomes of over Rs. 1,000cr, alleges government

11 Jun 2017

Prannoy Roy hid incomes of over Rs. 1,000cr, alleges government

The government said NDTV had allegedly not disclosed incomes of over Rs. 1,000cr by co-founders Prannoy and Radhika Roy, and floated 14 foreign shell companies during 2006-2012 to launder the money.

After the laundering, the firms were dissolved.

Related investigation had started in 2011, during the UPA rule, sources said.

The RBI has also detected violations of FEMA provisions to up to Rs. 2,030cr.

Ask NewsBytes
User Image

Next Timeline