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Monday, June 5, 2017

CBI registers case against NDTV founder Prannoy Roy, searches his premises Monday June 05,2017

The Central Bureau of Investigation (CBI) on Monday June 05,2017 conducted searches on the premises of NDTV founder Prannoy Roy and his wife Radhika Roy in New Delhi and in Dehradun, in connection with a case of alleged ₹48-crore loss to ICICI Bank.
“The CBI has registered a case against Mr. Roy, his wife and their company RRPR Holding Pvt. Ltd. for allegedly causing loss to ICICI Bank,” a CBI official said. The searches were carried out at the RRPR office and Mr. Roy’s residence in Greater Kailash-I.
RRPR, in which Mr. Roy and his wife are shareholders, is a holding company of NDTV and had taken a loan of ₹ 375 crores from ICICI Bank in October 2008. The Income-Tax Department has also conducted an assessment of the company’s financial dealings in connection with this.
A senior CBI official said the rationale behind registering the case related to ICICI Bank against Mr. Roy and others is the Supreme Court directive in the Global Trust Bank case in February last year, in which court said chiefs of private banks should also be treated as public servants under the Prevention of Corruption Act. Embezzlement of public money kept in private bank would, therefore, be covered.
The NDTV has termed the raids a "witch-hunt" based on "same old endless false accusations."
The television channel has released the following statement:
"This morning, the CBI stepped up the concerted harassment of NDTV and its promoters based on the same old endless false accusations.
"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.
"We have one message to those who are trying to destroy the institutions of India and everything it stands for: we will fight for our country and overcome these forces."

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