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NDTV promoters booked

NEW DELHI: Based on its preliminary enquiry, the CBI has registered an FIR against NDTV promoters Prannoy Roy and Radhika Roy and others for alleged role in violating foreign direct investment (FDI) norms to route money back to India in 2007-09. The NDTV, however, has so far denied the allegations.

Prannoy Roy. Photo: @PrannoyRoyNDTV

New Delhi, August 21

Based on its preliminary enquiry, the CBI has registered an FIR against NDTV promoters Prannoy Roy and Radhika Roy and others for alleged role in violating foreign direct investment (FDI) norms to route money back to India in 2007-09. The NDTV, however, has so far denied the allegations.

Besides the Roys, the agency has accused then CEO Vikramaditya Chandra as well as unidentified government officials of criminal conspiracy, cheating and corruption. CBI sleuths conducted searches at Chandra’s residence today.

The CBI alleged NDTV promoters floated 32 shell companies to conduct “sham transactions” related to unknown government officials. Investments made by NCBU, a General Electric company at the time, in Network PLC, an NDTV company incorporated in London on November 30, 2006, are under scanner. — TNS

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