CBI searches NDTV co-founder Prannoy Roy’s home in Delhi; govt rejects ‘witch-hunt’ charge
New Delhi: The Central Research Office (CBI) searched Monday at the residence of Prannoy Roy, co-founder and co-chair of New Delhi Television (NDTV), New Delhi, Dehradun and Mussoorie Would it be hidden transaction for PADOTZKE shares and Causing the loss of a private bank.
The NDTV in a statement called the movement a “witch hunt,” based on “same old” false accusations.
The IWC has filed a case against Prannoy Roy, his wife Radhika and RRPr Holdings Pvt Limited for causing a loss of Rs 48 million rupees at ICICI Bank, ICC sources said.
In addition, a complaint was filed against the ICICI Bank’s unknown officials of criminal conspiracy, deception and corruption.
RRPr Holdings would have taken a loan of Rs 500 crore Bulls India Private Limited to buy 20% of NDTV’s public shares.
The CBI claimed that RRPr Holdings has taken out a loan of Rs 375 crore at a rate of 19 percent per year, with ICICI bank to repay Indian Bulls loans.
NDTV promoters have committed the entirety of their NDTV stake in ICICI guarantee for this loan, he claimed.
This pledge of action has not been reported from SEBI, stock exchanges and the Ministry of Information and Broadcasting, according to the IWC.
Such concealment was made as a creation of more than 61 percent of the voting capital was in violation of Article 19 (2) of the Regulation of the Banks Act. It should not exceed 30%, according to the agency.
A 10 percent interest exemption was given by ICICI.
According to the law, “not a bank entity shall not be able to exercise shares of a company, such as a private creditor, creditor or absolute owner of an amount greater than thirty percent.” The capital stock of said company or thirty percent. And reservations, the less than two months.
“Provided that any banking company, which is the effective date of this Act, which owns shares in violation of the provisions of this section, shall not be subject to a sanction if the matter is informed without delay to the Bank’s reserve And if it increases its shareholding in accordance with the provisions cited in the period, not to exceed two years, as the Reserve Bank deems appropriate, “he said.
The FIR said a loss of Rs 48 crore was caused to ICICI bank and therefore gain in RRPr.
In a statement, the NDTV said: “This morning, the IWC has intensified the concerted harassment of NDTV and its promoters based on the same old false accusations without end.”
He said NDTV and its promoters fought relentlessly against multi-agency witch hunts.
“We are not going to succumb to these attempts to carry out the blatant attack on democracy and freedom of expression in India we have a message to those who try to destroy the institutions of India and all that it represents: let us fight for our Country and overcome these forces, “he said.
The CBI spokesman flatly denied the allegations of NDTV witchcraft and said the agency was following the procedures established by law.
Minister of Information and Broadcasting M Venkaiah Naidu said that there was no political interference in the ICC raids on Roy’s property and that the law was in progress.
“If someone does something wrong simply because they belong to the media, you can not expect the government to be quiet,” Naidu told reporters.
The authorities have done their homework and there is no political interference in this area, he said, adding that the media were free and independent in the country.
“The IWC could have received the information, so measures have been taken,” Naidu said.
Meanwhile, MP Rajya Sabha, Dr. Subramanian Swamy, who last year wrote a letter to Prime Minister Narendra Modi, accuses him of money laundering NDTV, told the news agency that the ANI fear of the law is necessary.
“You can not distinguish between the media, politicians, doctors, etc. If the law has broken, the law has broken. We must promote respect for the law and for that, we must make clear that no one is above The law, the fear that the law is necessary and will apply, no matter what you are, “Swamy said.